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Portability, Rev. Proc 2017-34 and Potential Estate Tax Legislation
Category: Tax , Trusts and Estates
Recently widowed individuals whose deceased spouse’s estate did not make a portability election by the due date for filing an estate tax return -- because the estate either was not aware a portability election was available or required, or determined that a portability election was not necessary…
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Yours, Mine and Ours: Estate Planning for a Blended Family
Category: Tax , Trusts and Estates
When William Shakespeare wrote “What’s mine is yours, and what is yours is mine,” he likely was not thinking about a blended family. Blending families offer a myriad of challenges, one of which is how the spouses’ assets will be distributed at death. If you are a spouse in a blended family, the…
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