The New Tax Cut and Since 2012, when the American Taxpayer Relief Act (ATRA) was passed, the Federal Estate Tax has been abolished for all those but .002 of the population. This has been made possible by the annually upward adjusting exemption which is 5.45M in 2016. Before 2012, the AB Trust was the common strategy used. Although it was complex and costly, it provided necessary tax relief. With the passage of ATRA, the question today is whether the costs, complexity and complications still warrant an AB Trust. You will discover the consequences of having an AB Trust today and the alternatives available. The times when an AB Trust would still be a good strategy will be addressed.