Ask F+H: The Power of Portability: A Spouse’s Hidden Tax Opportunity

The Power of Portability

Dear Friedman + Huey, My husband Earl passed away earlier this year, and while I’ve received a lot of support and advice from my financial advisor and attorney, I’m worried there might be some tax-related steps I’m missing. I heard something about filing an estate tax return even if no tax is owed, something to…

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Maximizing Estate Planning Opportunities in an Election Year

Estate Planning

When voters head to the polls in November to cast their votes, many may not realize that this year is the ideal time to take advantage of the current estate tax exemption through lifetime gifts and estate planning strategies. The federal estate and gift tax exemption currently stands at an all-time high of $13.61 million…

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