Spousal Transfer Allowance
Learn about spousal transfer allowance in estate planning. Understand how married couples can transfer assets and maximize tax benefits through proper trust ...
What is the spousal transfer allowance in estate planning?
The spousal transfer allowance refers to tax provisions that allow married couples to transfer unlimited assets to each other during life or at death without incurring gift or estate taxes. This includes the unlimited marital deduction, which enables spouses to leave their entire estate to their surviving spouse tax-free, effectively deferring estate taxes until the second spouse's death.
