Congress Fixed the Estate Tax Cliff. Your Old Bypass Trust May Have Created a New One.
The One Big Beautiful Bill Act permanently raised the estate tax exemption to $15 million. For most Texas couples, that means no estate tax — ever. But if your trust still has the old formula, it may be quietly routing your entire estate into an irrevocable bypass trust that denies your children a step-up in basis worth far more than any estate tax.
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