From all the movies, TV shows, and real-life instances we have experienced, we have all learned that marriage changes a lot of things. Finding true love and making promises of everlasting love and companionship are life milestones.
But no matter how enamored and enraptured you are with your better half, tying the matrimonial knot shifts things around. In the context of this article, it’s not about changes in your personal life. Instead, we will focus on what changes in terms of your finances.
In the United States, there are some privileges and benefits to getting married. Tax benefits are one of them. When estate planning is concerned, the benefits mainly come from federal tax exemptions from estate taxes. And how does one take advantage of this? Through AB Trusts.