How to Claim Portability
In order for the surviving spouse to claim the unused portion of the deceased spouse's estate tax exemption, the executor of the first spouse's estate must timely file Form 706, the United States Estate Tax Return and elect portability. This form must be filed within 9 months after the first spouse's date of death.Any time you are handling someone's estate after they pass away, it is wise to consult with a probate attorney, such as the attorneys at The Law Office of Deborah N Arthur, in order to ensure that you are handling probate correctly and taking advantage of all considerations including the possibility of portability.Contact us at www.deblaw.com ; 703-658-6050 ; or [email protected]
blog is only for informational purposes. Please remember this is not intended as legal advice and does not create an attorney-client relationship. Every case is special and more information would be needed to provide you the best legal advice possible.