Tips From the Pros: Assessing the Proper Role of Portability

Charles A. Redd compares portability to the traditional credit shelter trust model.

Charles A. Redd | Feb 20, 2020

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One of the most important aspects of the 2012 Tax Act¹for estate-planning professionals is that it made portability permanent (to the extent anything emanating from Washington can be said to be “permanent”).² The term “portability” is shorthand among estate planners for the ability of a predeceased spouse’s executor to transmit to the surviving spouse the predeceased spouse’s deceased spousal unused exclusion amount (DSUEA). As a result, measured by 2020 numbers,

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