Financial Planner

Answer: D - Inter-spousal gifting, foreign death taxes, and funeral, debts and losses are all ways to obtain deductions from and credits for estate taxes. Inter-spousal gifting can create significant estate tax savings by making fits from a wealthier spouse to a poorer spouse. Foreign death taxes is a credit allowed for most, but not all, foreign death taxes paid on property that in is included in the U.S. gross estate and situated in a foreign country. Funeral, debt and losses included during estate administration and debts of the estate are all deductible from estate taxes.