Because of the sunset provision of EGTRRA, estate planning through 2010 and beyond has become even more complicated. EGTRRA phases down the maximum estate, gift, and generation skipping rate of tax at intervals. Applicable state tax rates have in many states been modified to adjust for the EGTRRA effect. This article discusses the use of AB and Qualified Terminable Interest Property trusts using several hypothetical situations.
"The Economic Growth and Tax Relief Reconciliation Act of 2001 and its Effect on Estate Planning,"
Marquette Elder's Advisor: Vol. 6
, Article 7.
Available at: http://scholarship.law.marquette.edu/elders/vol6/iss2/7