Some people will tell you that the American Taxpayer’s Relief Act of 2012 (ATRA) has made estate planning easy and foolproof for the vast majority of people, i.e. the 99%. They believe that a tool dubbed portability — I’ll explain how it works in a second — eliminated the need for complicated bypass trusts. Well, not quite. Portability, as I will show today, has its advantages. But in certain situations […]
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