Marital Deduction Formula

Credit-Shelter Trusts (sometimes called “Bypass Trusts”) are a common feature in married estate plans when estate taxation is a concern.  While we cover credit-shelter trusts in our practice system training, most clients don’t need them,…

For most wealthy married property owners, the marital deduction is the most important estate tax planning benefit available under current law. Although the Economic Recovery Tax Act of 1981 made the federal marital deduction "unlimited" for…