When the first spouse dies, the surviving spouse has roughly five years to claim what is, for most Florida professional families, the most valuable tax election on the planet. Most never hear about it. Here is what portability is, why Form 706 is the only way to lock it in, and the white-collar mistakes that quietly forfeit millions.
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This article is intended as a general overview and does not address every fact pattern or recent change in Florida law. Florida statutes are amended regularly; consult a Florida-licensed attorney for guidance specific to your matter.
