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Should you elect portability?

If your spouse died in 2011, 2012, 2013 or 2014, you can elect portability on an estate tax return. For a person with a surviving spouse who dies after January 1, 2011, the unused unified credit available to that person can be used for gift or estate tax purposes by...

Are Iguanas Friends or Foes?

We recently went to St. Thomas and saw lots of iguanas. Before we left, I had a client tell me she had lived many places where there were lots of iguanas and she didn’t like them. Prior to that time, I had only seen them at a distance in Mexico, so I thought...