Update and Practical Considerations with Portability Elections

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The portability of the deceased spousal unused exclusion amount for use by the surviving spouse establishes the most significant change in estate tax law in over 30 years. The portability election can help not only reduce estate tax after the death of the first spouse but also reduce income tax after the death of the surviving spouse. The timely filed estate tax return provides inexpensive insurance against later estate tax – and with no annual premiums.

2015 witnessed significant developments with portability elections, including final regulation, basis consistency rules and rulings for late elections when the return is not required under general filing rules.  

During this 60-minute program, leading estate planning expert Keith Schiller will give an update on portability elections and their practical considerations, and cover:
• Simplified versus traditional reporting
• Communicating portability benefits and "investment" in the election
• Problems and benefits of the final portability regulations
• Relief allowed and disallowed to make late portability elections
• Income tax basis and portability elections
• Impact of transmission expenses on DSUE amount
• Special alerts for your staff to avoid compliance traps
• Review of illustrated return

Educational Objectives:
• Review the fundamentals of portability elections 
• Know how to complete each Form 706 schedule relevant to portability elections
• Know the new rules for simplified reporting for portability purposes

Who would benefit most from attending this program?
Estate Gift and Tax planners, Tax attorneys, and CPAs


Keith Schiller, Founder, Schiller Law Group

Keith Schiller, is founder of the Schiller Law Group in Alamo, CA. Keith lectures on estate planning to professionals approximately 15 days each year, teaching to over 1,700 professionals annually. He authored Estate Planning At The Movies® – Art of the Estate Tax Return, a comprehensive textbook, which is now in its Second Edition and published by Bloomberg BNA. Keith has also authored more than 12 course texts, written more than three dozen published articles, and assisted hundreds of clients and professionals with their thorniest problems. 

Keith is among a select few attorneys in California to be dually certified in two specialties by the California State Bar. He received the CalCPA Education Foundation's award for Outstanding Course Materials in 2001 and 2010-2011, selected from a curriculum of over 150 courses and 600 events offered by that acclaimed organization.

Keith's focus with estate planning began at Boalt Hall School of Law where he selected several estate planning electives. Having begun practice in 1974 with his father's firm, he received an introduction to a clientele a generation his senior. This exposed Mr. Schiller to a range of issues and a net worth of client that is not normally occasioned by a young attorney. His commitment to estate planning excellence has endured through the years.