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Writer's pictureJeffrey Siegel

The ABC's of Estate Planning: M is for...


M is for MARITAL DEDUCTION. Remember that for all your advisors’ talk about estate taxes, there is an unlimited deduction for Federal and State estate taxes when your leave assets to your spouse. The problem comes when that second spouse passes away – unless they leave everything to a later-married spouse of theirs, there will potentially be tax due at his/her/their death.

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