A tax provision that allows one spouse to transfer upon death an unlimited amount of property to his/her spouse without incurring estate or gift tax.
Related information about marital deduction:
- Marital deduction - Wikipedia, the free encyclopedia
Marital deduction is a type of tax law that allows a person to give assets to his or her spouse with reduced or no tax imposed upon the transfer. Some marital ...
- Estate Planning: Marital Deduction Dos and Donts
The marital deduction is perhaps the best-known estate tax reducer. It also is among the most misused planning devices. While powerful, the mari-tal deduction ...
- Marital deduction - Legal Dictionary - The Free Dictionary
marital deduction n. when one spouse dies, the survivor may take a tax deduction of half of the value of the estate of the dying spouse. Thus, the minimum value ...
- Marital Deduction Trust - The Wealth Counselor
The Marital Deduction Trust protects the marital deduction on the first death. ... Unlimited Marital Deduction, the tax benefits of this tax free deduction are lost if ...
- Marital deduction: Definition from Answers.com
provision in the federal estate and gift tax law allowing spouses to transfer unlimited amounts of property to each other free of tax.
- Marital Deduction Trust | LII / Legal Information Institute
A marital deduction trust is a trust in which transfers of property between married partners are free of federal transfer tax. A marital deduction trust can take one of ...
- Unlimited Marital Deduction Definition | Investopedia
The unlimited marital deduction is considered an estate preservation tool because assets can be distributed to surviving spouses without incurring estate or gift ...
- Estate Planning Concepts - Articles - Marital Deduction, Q-Tip Trust ...
Estate Planning Concepts - Articles - Marital Deduction, Q-Tip Trust, Credit Shelter, Charitable Deductions, Gift & Estate Taxes, Jointly Held Property, Employee ...