Portability Plans Vs Credit Shelter Plans: State Estate Taxes-Portability Approach

For states without a state-only QTIP election, using portability may allow estates to accomplish a similar result as if the decedent’s state of domicile did in fact allow a state-only QTIP. The effect of a portability election is that it allows the full federal estate tax applicable exclusion amount (e.g., $5.25 [...]

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Portability Plans Vs Credit Shelter Plans: State Estate Taxes-Portability Approach

#CreditShelterPlans, #QTIP, #StateOfDomicile