marital deduction
The Financial Effects of Losing a Spouse
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Even amid grief, it's important to reassess your finances. With the loss of your spouse's income, you may find yourself in a lower tax bracket or that you qualify for new deductions or credits.
18 States With Scary Death Taxes
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Federal estate taxes are no longer a problem for all but the extremely wealthy, but several states have their own estate taxes and inheritance taxes that could still hit your heirs.
How Does an Estate Tax Marital Deduction Work?
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Estate planning as an individual is complicated enough, but planning for it in a marriage can create greater difficulties. Working as a unified partnership for your joint estate’s future means that you both will have priorities you want to bring into … Continue reading →

The post How Does an Estate Tax Marital Deduction Work? appeared first on SmartAsset Blog.

Qualified Domestic Trust (QDOT): Marital Deduction
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Trusts can be a useful tool for estate planning if you’d like to preserve assets for loved ones while minimizing estate taxes. A qualified domestic trust (QDOT) is a specific type of trust that can offer tax benefits for married … Continue reading →

The post Qualified Domestic Trust (QDOT): Marital Deduction appeared first on SmartAsset Blog.