by Christine Brown | Nov 30, 2022 | Estate Planning, Estate Tax, Portability
Federal estate tax law includes a provision called portability. This provision only applies to married couples. It allows the surviving spouse to use any part of their deceased spouse’s unused estate and gift tax exemption. Including portability in an estate plan...
by Christine | Jun 11, 2015 | Asset Protection, Elder Law, Estate Planning, Estate Tax, Estates, Living Trust, Portability, Power of Attorney, Trusts, Wills |
So how do you know if your estate plan is out-of-date? If your will or trust predates these four key “freshness dates,” it may be time to visit your attorney for a review. Estate plans are not meant to be a one-time deal. If life changes – or the law changes –...
by Christine | Jan 15, 2015 | Asset Protection, Estate Plan, Estate Planning, Estates, Inheritance, Living Trust, Portability, Power of Attorney, Probate, Tax Planning, Trusts, Wills |
“For those who are single, whether they’ve always been single or they find themselves single again, there are some unique [estate-planning] issues,” says Doug Rothermich, managing director, wealth-planning strategies at TIAA-CREF. Married couples usually can see the...
by Christine | Jan 30, 2014 | Estate Law, Gift Law, Portability |
Just when is the DSUE [Deceased Spouse Unused Exemption] available to a surviving spouse or the estate of a surviving spouse for use in determining the surviving spouse’s applicable exclusion amount? It can be very challenging to stay on top of federal estate tax law...
by Christine | Aug 6, 2013 | Estate Planning, Portability |
The first issue regarding portability is what does portability do? The answer is that portability allows the first spouse to die to transfer his/her unused estate tax applicable exclusion amount to the surviving spouse, who can then use it for his/her gift or estate...
by Christine | Apr 29, 2013 | Credit Shelter Trust, Estate Planning, Estate Tax, Portability, Trusts |
Even if your state has no estate or inheritance tax, there are other reasons to have a credit shelter trust. Here are a few … Even amongst recent tax law changes, there are certain estate planning tools that are still good ole’ standbys for your estate plan. ...
