Lapsed Federal Estate Tax Creates Couples Trap

Forbes:  “Check your estate plan now. A common trust arrangement could leave a surviving spouse with too little. . . . Since the estate tax has been eliminated for persons dying in 2010, a decedent’s trust created by the traditional language–‘the largest taxable estate on which no federal estate tax is payable’–will contain all of the couple’s assets and the survivor’s trust will have no assets!”