Question

Joel and Rachel are both retired. Married for 20 years, they’ve amassed an estate worth $3.6 million. The couple has no trusts or other types of tax-sheltered assets. If Joel or Rachel dies in 2016, how much federal estate tax would the surviving spouse have to pay, assuming that the estate is taxed at the 45 percent rate? (Leave no cells blank - be certain to enter "0" wherever required.)

Federal Estate Tax?

Answer 1

Answer- 0
Explaination: According to DEFINITION of ' Unlimited Marital Deduction ' A provision in United States Federal Estate and Gift Tax Law which allows an individual to transfer an unrestricted amount of assets to his or her spouse at any time, including at the death of the transferor, free from tax. This means that no taxes would needed to be paid on a specific amount transferred to either spouse, even in the case of death.

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