Tag #Dsuea

How does the Deceased Spousal Unused Exclusion Amount (DSUEA) election impact estate planning for surviving spouses, and what are the specific requirements for its implementation?

The portability election allows surviving spouses to inherit their deceased spouse's unused estate tax exemption, effectively increasing their own exemption. This is particularly crucial given the potential for significant tax law changes in 2026. The DSUEA election must be made within five years of the spouse's death, necessitating timely action for those recently widowed.