Portability Plans Vs Credit Shelter Plans Round 1: Step Up in Basis

Before portability, most estate plans for married couples fell into a well-defined pattern, which typically included (a) a credit shelter trust, and (b) either a QTIP Trust or an outright distribution to the surviving spouse. Now, with portability, there are more planning options available to married couples, which impact married [...]

Portability Plans Vs Credit Shelter Plans Round 1: Step Up in Basis

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