6 key points.
By Barry J. Friedman, CPA
IndustryNewsletters
Portability is actually a simple concept. It means that if one half of a married couple doesn’t use up the entirety of the federal estate tax exemption at death, the surviving spouse can use this leftover portion, plus his or her own exemption.
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It makes a high federal estate tax bill less likely. This provision has changed the way estate planning can be approached today.
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