Planning necessary to
achieve full use of both spouses' applicable exclusion amount depends upon
whether estates of decedents are able to take advantage of the deceased spousal
unused exclusion amount. In this Analysis, Elaine Gagliardi discusses estate
planning to use both spouses' applicable...
BY: JOHN H. TURNER, III & JEFFREY D. CHADWICK
Background to Portability. While
the estate tax has been in force for many years, most estates have
remained exempt from the tax due to an "applicable exclusion amount"
that shelters a certain amount of a person's assets from estate...