Financial Planner

Category - Estate Planning

What type of spouse does not qualify for the unlimited marital deduction?
  1. A second spouse
  2. A same-sex spouse
  3. A non-U.S. citizen’s spouse
  4. A spouse of fewer than 2 years
Explanation
Answer: C - Assets that a taxpayer gifts or leaves to a surviving spouse generally qualify for an unlimited marital deduction. However, non-U.S. spouses cannot qualify for this deduction. In that case, a qualified domestic interest trust can be established to eliminate taxability to the surviving spouse.
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