For many people, tax avoidance is a primary estate planning goal. If you are among them, and you are married, you may wish to consider incorporating an AB trust into your estate plan. For those who are unfamiliar with the concept, our team of trust attorneys explains the basic fundamentals of an AB trust. Why Tax Avoidance Is an Important Estate Planning Goal Historically, an AB trust was used as an estate planning tool to maximize federal and state exemptions to gift and estate taxes. The federal gift and estate tax is effectively a tax on the transfer of wealth [Read more…]
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