Marital deduction

The marital deduction is the tax-free amount of assets that can be transferred between spouses. This amount is unlimited, so there is no estate tax when one spouse dies, leaving assets to the other spouse. Thus, the marital deduction preserves the monetary value of an estate. For the deduction to be applicable, the surviving spouse must be a citizen of the United States.

Related Courses

Estate Planning Essentials 
Family Tax Planning