Marital Deductions - Introduction

The Internal Revenue Code gives an unlimited gift and estate tax deduction for all transfers to a spouse whether made during life or death. This means that anyone may give or leave their entire estate to the surviving spouse without gift or estate taxes.

This deduction is deducted from the adjusted gross estate passing to the surviving spouse. It is one of the easiest ways to transfer property to a surviving spouse and avoid (postpone) paying estate taxes. Requirements & Qualifying Transfers

You May Also Like

Related Articles
  1. Trading Strategies

    The Pros & Cons Of Being A Trader On ...

  2. Trading Strategies

    What To Do With Stocks That Hit All-Time ...

  3. Trading Strategies

    Understanding The Price Vs. Time Equation

  4. Chart Advisor

    3 Commodity Stocks Poised For A Move ...

  5. Personal Finance

    How To Calculate Beta Of A Private Company

Trading Center