In 2012, Congress passed the American Taxpayer Relief Act, and with it, made the concept of “portability” permanent.
"Portability" is a federal estate tax device which provides (1) that any unused estate tax exclusions transfers to the surviving spouse and (2) the surviving spouse is able to use the remaining amount of exclusion for their estate.
About Swier Law Firm's Estate Planning & Probate Practice Group
Swier Law Firm has a nationally recognized practice in estate planning and probate law and handles the following types of cases:
Take a look at our valuable estate planning books and articles. Our materials are full of tips and advice. All materials are written by the law firm's nationally recognized estate planning attorneys and provide detailed South Dakota-specific information designed to help anyone with estate planning issues. You can request your free copy by clicking on the book cover below.
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