Taking Advantage of the New Portability Estate Tax Provisions

According to the Wall Street Journal in Does your Trust Need a Tune-Up?, the new estate tax law that Congress passed in December increased the amount of money individuals can leave to their heirs and give away during their lives.  Further, spouses can now combine these exemptions up to $10 million.  However, as the Journal points out, individuals need to change their wills, trust, and other...