Morris Law Group


If AB Trust Planning isn’t right for me, what other estate planning options are available to us as a married couple?

The current federal portability provision has facilitated a more simplified approach to trust planning. A couple can protect $10.98 million without using AB trust planning at today’s $5.49 million exemption amount. 

Most clients who adopt this simplified approach use a joint trust rather than two separate trusts for each spouse. The advantage is that the entirety of the couple’s assets—after the death of a spouse—will receive a basis adjustment.

Many attorneys draft more flexibility into a trust by using a disclaimer provision for federal tax planning. With a disclaimer trust, the surviving spouse uses all or a portion of the deceased spouse’s estate tax applicable exclusion amount and gets the total of the assets in the trust.

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