“One of the most overlooked and misunderstood tax laws – available to married farming couples – is an opportunity called portability.”
“Portability first emerged as an estate planning strategy in 2011 and 2012 from the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. It was made permanent by the American Taxpayer Relief Act of 2012.”
Should you be worried about federal estate taxes? Not unless you have $11.4 million.