Joker in the Deck: Flexible Estate Planning in the Face of Changing Tax Laws... and Client Lives

Stolz, Richard F.
June 2008
Journal of Financial Planning;Jun2008, Vol. 21 Issue 6, p20
Academic Journal
The article focuses on estate planning in the wake of changing federal estate tax exclusions under the U.S. Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001. It states that traditional estate plans leave amounts equal to the estate tax exemption to their children, and the balance of the estate to their spouse, but changes in the tax rate could unintentionally result in the surviving spouse being inadvertently disinherited. It comments on the use of qualified terminable interest property trusts (QTIP) to allow trustees the option to elect how much of the money will be in the QTIP trust. It comments on the use of trustees to help assist an adult child act in a financially responsible manner upon inheriting money.


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