The case for making portability elections {PFP Section}

Feb 11, 2022

If you have had clients pass away recently, you will want to talk with their surviving spouse about the option to file to receive the benefits of portability, even if the decedent doesn’t have a taxable estate. Tune in to this episode of the PFP Section podcast to hear expert Steve Siegel, JD, LLM, discuss:

• What portability is, how it works, and how to make the election
• How you can fix a missed portability election going back to January 1, 2011
• The nuances of GST and state estate taxes
• Why it is important to make this election to create flexibility in the plan

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links. 

• Use Steve Siegel’s and Sid Kess’s Adviser’s Guide to Financial & Estate Planning as a reference library for topics like portability and more, exclusive to AICPA PFP Section members.
• Register for Bob Keebler’s webcast, Practical Planning Strategies for the Mass Affluent, which will cover portability and more.

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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