Estate planning

Portability Is Not Automatic, And One Mistake Can Zero It Out

Portability can be the simplest way to preserve a married couple’s combined exclusion, but one Form 706 mistake can erase the DSUE amount. The most common failure is using simplified reporting when the estate plan requires real asset values.

Late Filing Can Cost a Married Estate $1.5M

Many married couples think estate tax does not matter under today’s high exemptions. The real risk is procedural: miss the portability election and you can lose millions of exemption that you cannot recreate later.