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Estate Tax Returns: Why You Might File Even if You Don’t Have To + Some Common Mistakes To Avoid

With the exemption from federal estate tax so high, $11,700,000 in 2021, many people believe their families will never have to worry about filing a federal estate tax return (IRS Form 706) on their deaths. And that is true…ish.  There’s something called the Deceased Spouse Unclaimed Exemption Amount (DSUAE) that could save your family a lot of money, but you can only claim it if you file an estate tax return.
Join us as we discuss 706s, Deceased Spouse Unclaimed Exemption Amount (DSUAE), common mistakes to avoid, and more with trust and estates tax expert, Margaret Schopp.

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