Posts Tagged ‘ abatement ’

Abatement 101: Which Beneficiaries Bear the Brunt of a Reduced Gift?

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I asked my young kids today if they knew what “abatement” was.  They replied, “Yes, Daddy, it’s the bottom floor in our house where all our toys and boxes and other stuff is!” To avoid the stigma of negligent parenting, I explained to them that within the estate planning context, abatement is the forced decrease…

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