2 Separate trusts were the norm when a couple ID: 128188
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MARRIED COUPLES AND JOINT TRUSTS: HAS PORTABILITY OBVIATED THE NEED FOR SEPARATE TRUSTSGeoffrey N. Taylor, Esq. 2 Separate trusts were the norm when a couples combined wealth exceeded or was near estate tax Joint trusts have become increasingly popular estate tax exemption 3 Basic provisions of joint trusts are very similar to provisions of separate trusts, with certain 4 Psychologically AppealingStable MarriageTraditional FamilySeparate Property 5 Gift, Estate and Generation Skipping Transfer Tax IssuesGift Tax Issues-Gift on DistributionEstate Tax IssuesGeneration Skipping Transfer Tax Issues 6 Income Tax IssuesGrantor Trust Status-What Gets Stepped Up Upon Death?