Form 706 and the Portability Decision: What Executors Get Wrong
The estate isn’t taxable. No Form 706 required. That’s the conclusion many executors reach, and in a significant number of cases it costs the surviving spouse millions. The One Big Beautiful Bill Act (Public Law 119-21), signed July 4, 2025, raised the federal basic exclusion amount to $15,000,000 per individual for 2026, up from $13,990,000 in 2025. At that threshold, the vast majority […]