- portability is only in place through 2012;
- it does not address States that have estate taxes; and
- second marriages can throw a wrench into the situation.
An AB, Bypass or disclaimer trust could address all of these issues. As the speaker said, portability is the worst case scenario fix if no planning was done -- it should not be "plan A". For details on your specific situation, you should consult with a licensed, estate planning attorney in your state.