<p style="text-align: justify;">The IRS has released a Notice reminding executors of estates of decedent’s dying after 2010 that they must file and make an election on Form 706, U.S. Estate Tax Return, in order to preserve a deceased spouse’s unused estate and gift tax exclusion amount for the surviving spouse.  Estate tax returns making this newly offered and irrevocable portability election must be filed nine months after the decedent’s date of death, and the first estate tax returns electing portability for estates of those dying after 2010 are due on October 3, 2011.</p>
