Is the “A-B” Trust Split on the First Death DOA (Dead on Arrival)?

A recent article I read indicated that the need to provide for the “B” or by-pass trust on the death of a spouse might be a thing of the past for all but the super rich. (Their definition of super rich is a combined estate in excess of $10.5 million).

Most readers know the personal lifetime exemption from estate taxes is now $5.25 million dollars for each spouse, subject to annual modification for inflation. But don’t “bet the farm” on the fact that Congress, in its infamous wisdom, won’t reduce that at some time in the future. Read on…