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Industry Spotlight > Women in Wealth

The Perils of Portability

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The new Portability provision of the 2010 Tax Act allows married couples to transfer a collective $10 million estate with more flexibility with respect to timing–but there has to be a catch. In fact, there are several. Portability may encourage procrastination rather than planning. There are transfer taxes at the state level to consider, as well as Medicaid. And Congress is always a wild card.