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Author Question: Which of the following is not needed to obtain marital deduction? (Read 73 times)

tuffie

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on: Mar 2, 2019

Question 1

Which of the following is a correct way to set up a life insurance trust:


◦ Trustor can transfer an existing policy to the trust
◦ Create a trust and have the trustee purchase the insurance outright
◦ Both Trustor can transfer an existing policy to the trust and Create a trust and have the trustee purchase the insurance outright
◦ None of these

Question 2

Which of the following is not needed to obtain marital deduction?


◦ The people must be married at the time of death of the first spouse
◦ The couple must be engaged with a specific wedding date
◦ The property must be included in the decedent's gross estate for the marital deduction to apply
◦ The surviving spouse must be or become a U.S. citizen by the time the federal estate tax return is filed
Wills, Trusts, and Estates Administration ¦ Herskowitz ¦ 5th Edition
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Marked as best answer by tuffie on Mar 2, 2019

mcomstock09

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Reply #1 on: Mar 2, 2019
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tuffie

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Reply 2 on: Mar 2, 2019
Wow, this really help

bassamabas

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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