This citizenship requirement tells you something about the value of the marital deduction as an estate planning strategy. The tax man does not extend the marital deduction to non-citizens because a surviving spouse who is a citizen of another country could return to that country with a tax-free inheritance.
Topics covered in this report include:
- Estate Tax Exclusion Portability
- Federal Gift Tax
Click here to read the whole article or download the PDF.
Latest posts by Raymond German, Estate Planning Attorney (see all)
- Make Your Own Plan - December 3, 2019
- Planning for Special Needs Children - November 28, 2019
- Common Estate Planning Components Explained - November 26, 2019
