Article On Preserving Inherited Exclusion Amounts

Austin W. Bramwell (Professor of Law, New York University School of Law) & Leah Socash (Milbank, Tweed, Hadley, & McCloy LLP) recently published an article entitled, Preserving Inherited Exclusion Amounts: The New Planning Frontier,  50 Real Property, Trust and Estate Law Journal, no. 1 (Spring 2015). Provided below is an abstract of the article:

Portability has forced estate planners to reconsider how they plan for married couples. But the impact of these rules stretches beyond married couples to affect surviving spouses who choose to remarry. In essence, these rules have created a whole new area of planning—deceased spousal unused exclusion preservation planning—that did not previously exist. This Article examines this new field in detail and the advantages and disadvantages of its various techniques.