H and W are married.This year H died with a modest estate.As a result, a portion of his unified credit was not used.The unused portion can be assigned to his surviving spouse, W, assuming an estate tax return is filed for H and the executor makes the proper election.

Question

Quizplus · Accepted Answer

This statement is true according to the IRS rules. If the proper election is made and an estate tax return is filed for H, then the unused portion of his unified credit can be assigned to his surviving spouse, W. This is called portability and allows the surviving spouse to use their own unified credit plus the unused portion of their deceased spouse's unified credit to offset estate taxes on their own estate.

H and W Are Married