Archive for October, 2011
Why the Value of Exemption Portability is Limited
by alt on Oct 28, 2011 Posted on Our Blog Leave a comment
One notable change to estate tax law from last year’s Tax Relief act is the “portability” of gift and estate tax exemptions. For the first time, when one spouse dies, the surviving spouse can take advantage of the deceased spouse’s unused exemption. The objective of portability is laudable — namely, to allow married couples to [...]