A WARNING TO THOSE WITH AN AB TRUST
As of January 1, 2011 there is a new “Exemption Portability Law” that greatly simplifies estate-tax planning between spouses. This could be the most significant development affecting married Living Trust planning in years. Whether you have a trust, are contemplating a trust, or are a professional advisor this is a new and vitally important issue for everyone to understand. Otherwise you risk pursuing, advising or being caught in an outdated trust structure that, from a tax standpoint, will needlessly restrict and burden the surviving spouse as well as disqualify certain assets from significant income tax benefits. Specifically this refers to the widely used and heavily marketed AB trust format (aka ABC, Bypass, Marital, & Exemption Trusts) which many married couples currently have. This issue isn’t about whether or not to have a living trust -- THAT IS STILL VERY IMPORTANT. It’s about what kind of living trust structure is appropriate under new current law. Learn about it right here by watching the short video below and/or reading about it in greater detail below.

Please take the time to watch the video to the right to learn more.
For additional in-depth reading regarding this latest update click here now.