What is Portability for Estate and Gift Tax?
TranscriptI’m Jean Carter, an ACTEC Fellow from Raleigh, North Carolina. With me is Steve Murphy, an ACTEC Fellow from Charlottesville, Virginia and our topic today is portability.Let’s start it off, Steve. What is portability?Hi Jean. Thanks for having me. Simply put, portability is a way for spouses to combine their exemption from estate and gift tax. More specifically, it’s a process where a surviving spouse can pick up and use the unused estate tax exemption of a deceased spouse. So then, the... Читать дальше...