marital deduction
- A tax relief for all assets passed to a surviving spouse who is a U.S. citizen, eliminating any estate tax
- After her husband's death, all assets transferred to her were covered by the marital deduction.
- The billionaire's entire estate passed to his wife without any estate tax, thanks to the marital deduction.
- To avoid estate tax, they utilized the marital deduction, passing on all assets to the surviving spouse.
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