Robison Law Firm
11353 REED HARTMAN HIGHWAY
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CINCINNATI
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OH
45241
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A New Tax Break for Married Couples
by Laura Sandaers, Last updated on July 10, 2015, The Wall Street Journal
You can't take it with you, but it's getting easier to leave it to your heirs.
The Internal Revenue Service recently released final rules detailing a generous estate- and gift-tax break for married couples who don't set up expensive trusts before death.
The break, known as “portability,” allows spouses to pass nearly $11 million of assets to heirs free of estate tax. Without it, many couples would qualify only for one estate-tax exemption instead of two. More...