This article explains the estate planning opportunities for same-sex couples available after the U.S. Supreme Court ruling and guidance from the Treasury Department and Internal Revenue Service. Such opportunities include taking advantage of the unlimited marital deduction under federal gift tax and estate tax laws, replacing individual life insurance policies with survivor policies in order to optimize death benefits, and splitting gifts between spouses in order to maximize each spouse's applicable exclusion amount from federal gift tax and estate tax. Visit aicpa.org for more information on planning for same-sex couples.

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