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Determination of the Applicable Exclusion Amount

For decedents dying in 2011 and 2012, the applicable exclusion amount is comprised of the "basic applicable exclusion amount" and the "deceased spousal unused exclusion amount" (DSUE amount) The basic applicable exclusion amount equals $5 million in 2011. [ IRC § 2010(c)(3)(A...

Planning With Portability

Portability with respect to the Deceased Spousal Unused Exclusion Amount makes portability an unreliable planning tool at best; nonetheless, planners should consider whether portability can be used to the advantage of clients given stated testamentary desires... [1] Introduction Spousal portability...