This document discusses the implications of the American Taxpayer Relief Act of 2012 (ATRA) on estate and gift taxes, particularly focusing on the significant exclusion amount, state estate taxes, and portability. It highlights the impact of the Supreme Court's decision in United States v. Windsor on same-sex married couples regarding the marital deduction. The memo also addresses the complexities of formula provisions in estate planning documents, the challenges posed by decoupled states like New York, and the concept of portability in estate tax planning. Additionally, it provides an update on the July 2013 applicable federal rates.
documents/vol00010-efta01463328-pdf.pdf
{"title":"Tax Topics 2013-07","key_people":["Blanche Lark Christerson"],"document_date":"2013-07-01","document_type":"correspondence","key_locations":["New York","Florida","New Jersey","Connecticut"],"document_subtype":"memo","key_organizations":["Deutsche Asset & Wealth Management","Deutsche Bank AG"],"reference_numbers":["EFTA01463328","EFTA01463329","EFTA01463330","EFTA01463331","EFTA01463332","EFTA01463333","EFTA01463334","EFTA01463335","EFTA01463336","EFTA01463337","EFTA01463338"]}