References in periodicals archive ?
The Tax Relief Act of 2010 made these AB trusts temporarily unnecessary, and for 2011 and 2012, the assets left by the first spouse to die would not affect the second spouse's estate.
The second thing is with regard to so-called AB trusts that are set up right now (see Tax terms 101, p.
Congress may have given taxpayers a major gift in the form of the extension of the Bush tax cuts earlier this month, many families who have used living trusts, particularly those known as AB Trusts, for their estate planning are wondering just what are the implications of the Estate Tax exemption bump up to $5 million per individual and $10 million per married couple.