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Article: Remarried with children: estate tax considerations of a significantly younger spouse.
- Article from:
- The Tax Adviser
- Article date:
- August 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 American Institute of CPA's. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Occasionally, an estate planner will encounter a family situation that requires special consideration in the development of an estate plan, for example, when one spouse is significantly younger than the other. A taxpayer who intends (whether via prenuptial agreement or otherwise) to dispose of his estate equally between a significantly younger second spouse and children from a previous marriage may inadvertently leave the children with considerably less than half of the estate if the impact of Federal estate taxes is not properly considered.
Traditional estate plans, which provide a spouse with support for life and a remainder interest passing to children on the ...