By: Martin M. Shenkman, CPA, MBA, JD
Where you and your spouse are legally married, either of you can transfer an unlimited amount of assets to the other without incurring any gift or estate tax cost. This is too often used as a simplistic approach to eliminate the entire estate tax on the death of the first of you or your wife.
Subscribe to our email list to receive information on consumer webcasts and blogs, for practical legal information in simple English, delivered to your inbox. For more professional driven information, please visit Shenkman Law to subscribe.