The American Taxpayer Relief Act of 2012 (ATRA), P.L. 112-240, made
permanent the concept of portability, a game-changing concept that
allows a deceased spouse’s unused federal gift and estate tax exemption
to be used by the surviving spouse. Portability of the deceased
spousal unused exclusion amount is important for all married
clients—regardless of their net worth.
When making estate planning decisions, clients need to consider
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