Posts Tagged ‘Portability’

Indiana and Congress Just Revolutionized Estate Planning

In Spring 2013, Governor Pence signed legislation that eliminated Indiana’s inheritance tax. Earlier in 2013, the US government approved a $5.25 million federal estate exemption with “portability”. Portability means that on the first spouses’ death, the estate can file a return that transfers any unused portion of the first spouse’s exemption to the surviving spouse.…

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Indiana and Congress Just Revolutionized Estate Planning

In Spring 2013, Governor Pence signed legislation that eliminated Indiana’s inheritance tax. Earlier in 2013, the US government approved a $5.25 million federal estate exemption with “portability”. Portability means that on the first spouses’ death, the estate can file a return that transfers any unused portion of the first spouse’s exemption to the surviving spouse.…

Read More