What Does Unified Credit, Estate Tax Exemption, Combined Estate and Gift Tax Exemption Mean In Estate Planning?
What Is Estate Tax Portability?
Example Of Unified Credit, Estate Tax Exemption, Combined Estate and Gift Tax Exemption In Regards To Estate Planning
My dad used 2 Million of his estate tax exemption amount during his life and at his death. My mom elected portability of the remaining 9.58 Million dollars so she can now shelter 21.16 Million dollars from gift tax during her lifetime or estate tax at her death. (11.58 + 9.58 = 21.16)