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Where there's a will, there's a way for estate planning
Marriage does receive favorable treatment under the tax code after death. Generally, an estate may claim an unlimited deduction for the value of all property that passes from a decedent to the surviving spouse upon death. So, a basic "I love you" will, where all property is left to the spouse outright upon death,allows the estate to pay no tax.
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Published: May 15th 2024 | Updated: May 20th 2024
