Document Type
Article
Publication Date
6-2011
Abstract
In the September/ October 2009 issue of Probate & Property, the author published an article titled What Portability Means to Trust and Estate Professionals, contemplating the possibility that the estate of a surviving spouse might be permitted to use the unused estate tax applicable exemption amount from the estate of his or her predeceased spouse. This concept has been referred to as portability of the applicable exemption amount, and the article identified several issues that might arise should portability be permitted. This article is a follow-up to that prior article because portability has indeed been enacted as part of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 ("2010 Tax Act"), Pub. L. No. 111-312, 124 Stat. 3296.
Recommended Citation
Bekerman, Marc S., "Credit Shelter Trusts and Probability: Does One Exclude the Other" (2011). Articles & Chapters. 1701.
https://digitalcommons.nyls.edu/fac_articles_chapters/1701
Comments
Probate & Property, Vol. 25, Issue 3 (May/June 2011), pp. 10-15