The Portable Exclusion and the Vanishing Bypass Trust

Gardner, Randy; Daff, Leslie; Welch, Julie
June 2011
Journal of Financial Planning;Jun2011, Vol. 24 Issue 6, p46
Academic Journal
The article focuses on the provision that allows the surviving spouse to use the deceased spouse's unused exclusion amount (DSUEA) for estate and gift tax purposes introduced by the U.S. Congress. The authors state that President Barack Obama included on his proposed budget for 2012 that the portability provision be made permanent. They state that the provision decreases the use of the bypass trust and eliminates the transfer taxes as a concern for many couples. They state that the estate planning focuses on probate avoidance, asset protection, and distributing the property to descendants in a beneficial way.


Related Articles

  • Estate planners back in business. Port, David // Senior Market Advisor;Apr2013, Vol. 14 Issue 4, p50 

    The article focuses on the tax policy changes which must be considered when planning to engage in estate planning in the U.S. in 2013. The federal estate, generation skipping tax (GST) and gift tax exclusion were unified by the U.S. Congress. The estate and gift tax exclusion portability were...

  • Estate tax: Planning with certainty. Anderson, Brian // Life Insurance Selling;Feb2013, Vol. 88 Issue 2, p10 

    The article discusses the author's view on the estate tax provisions of the American Taxpayer Relief Act of 2012 which signed into law by U.S. President Barack Obama on January 2, 2013 to avoid the fiscal cliff. He states that without the deal setting the individual exemption for estate taxes at...

  • Share the Wealth, Escape the Tax. Finn, Kathy // New Orleans Magazine;Sep2012, Vol. 46 Issue 12, p28 

    The article offers information on the current estate and gift tax laws in the U.S. in 2012. It says that the heirs of the people who die in 2012 with $5.1 million estate value will be receiving the complete assets that is free of federal estate tax. It also discusses the results of the move by...

  • Grab a GRAT Before It’s Too Late. Gordon, Robert // Financial-planning.com;8/3/2015, p1 

    An estate planning tool that is particularly valuable when rates are low is coming under political pressure.

  • Action widens estate-tax exemption. Stuhldreher, Tim // Central Penn Business Journal;12/31/2010, Vol. 26 Issue 54, p19 

    The article reports on issues related to estate tax. It looks at the consequences of the 5 million dollar exemption on estate planning, signed by President Barack Obama, in which it will be looked first by the Congress. It will also include the merging and treatment of estate taxes, fair market...

  • Easing Your Estate Tax Burden: Now or Never? Tobiason, Sid // San Diego Business Journal;12/12/2011, Vol. 32 Issue 50, p24 

    The article presents the author's insights on managing estate taxes in the U.S. based on the 2010 federal estate tax rates through estate planning for 2012. He says that some of the tax rates will only take effect in 2012, like lower asset valuations, and estate plans must take advantage of this...

  • More than just a will. NAPOLITANO, JOHN // Accounting Today;Oct2011, Vol. 25 Issue 10, p22 

    The article offers insights for certified public accountant (CPA) financial planners on the factors to consider when dealing with estate planning in the U.S. The importance of keeping an estate plan or will updated is explained. The problems and other issues with gift and estate tax exemptions...

  • New IRS rules make estate planning easier. Blackman, Irv // Contractor Magazine;May2011, Vol. 58 Issue 5, p36 

    The article presents the author's insights regarding the advantages of the new Internal Revenue Service (IRS) rules that can make the estate planning easier in the U.S. It provides an overview of the two significant changes on the IRS rules such as the combined gift and estate tax into a single...

  • Unintended Consequences. Hamilton, Gregory C.; Blazek, James T. // Journal of Practical Estate Planning;Aug2010, Vol. 12 Issue 4, p31 

    The article focuses on the unintended consequences resulting from the U.S. Congress' failure to act on the 2001-enacted Economic Growth and Tax Reconciliation Relief Act (EGTRRA). It states that EGTRRA was repealed for one year in 2010, which affected the estate planning in the U.S. It also...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics