In a husband/wife setting,good tax planning dictates that each spouse should pass by will all of his or her assets to the surviving spouse.

Name: In a husband/wife setting,good tax planning dictates that each spouse should pass by will all of his or her assets to the surviving spouse.
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Such planning is ill-advised,as it fails to take advantage of the bypass amount.Furthermore,it unduly concentrates wealth in the hands of the survivor,thereby aggravating a potential estate tax liability.

In a Husband/wife Setting,good Tax Planning Dictates That Each Spouse