In order to prevent the loss of husband’s $12.06 million exemption, a portability election must be made on a timely filed estate tax return for his death. This filing “ports” or transfers ...

In general, portability allows a surviving spouse to claim their deceased spouse’s unused estate tax exclusion amount, however portability does not apply to generation-skipping transfer tax ...

The federal gift tax annual exclusion amount increased to $19,000 per donee per donor. The period for a late election of portability for a decedent’s unused federal estate tax exemption remains ...

There is also a relatively new feature of the estate tax laws commonly referred to as “portability” which makes it possible ...

Retirees focusing on estate planning can be thankful for increased gift tax exclusions. For investors still saving for retirement, new 401(k) portability rules can affect late-career job changers.