I live in Brookings and am in the process of changing my current South Dakota estate plan. Because of the size of my estate, I am concerned about federal estate and gift tax. Does "portability" apply to my children?

Portability allows couples to take full advantage of each other's unused federal estate and gift tax exclusion amounts.

However, portability applies only to a surviving spouse. Unused federal estate tax exclusions cannot be transferred to anyone but a surviving spouse.

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:

Estate Planning: Wills & Living Trusts
Legacy Planning
Family-Owned Businesses & Farms
Powers of Attorney & Living Wills
IRA & Retirement Planning
Asset Protection & Business Planning
Special Needs Planning
Trust Administration & Probate

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