Unlimited Marital Deduction

Definition of "Unlimited marital deduction"

Deduction allowed for gifts and bequests to a spouse for federal estate and gift tax purposes. Under the Economic Recovery Tax Act of 1981 (ERTA), the deduction became unlimited. Prior to this, there was a dollar and percentage limitation for the marital deduction.

Search Real Estate Glossary

Related Real Estate Glossary terms

Excess Interest Whole Life Insurance

Type of insurance under which it is assumed that the interest earned will exceed the interest rate g ...

Monterey Architecture

A two-story house characterized by a balcony spanning the width of the second story. Monterey archit ...

Postselection Of Insured

Underwriting practice involving regular review of insurance contracts in force with the intent of ei ...

Ps-58 Rate Table

Table used by the Internal Revenue Service (IRS) in evaluating split dollar life insurance plans as ...

Equity Kicker

Privilege of a real estate investor or lender to participate in the profitability generated from pro ...

Final Expense Fund

Amount of life insurance required to purchase burial, probate, medical, and other costs associated w ...

Related Real Estate FAQ

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is A Front-end Ratio?

A front-end ratio is a ratio of the borrowers monthly housing expenses-including principal, interest ...

What Is An Investment Property?

An investment property is a property you purchase with the intension of using it as a rental income ...

What Is A Term?

A term is the length of a loan. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! What do Real Estate Attorneys do? Foreclosure - The Pros and Cons of Buying Short Sale Homes What is Earnest Money

FAQ

What do I need to know about Motorcycle Insurance? I dont know the zip code of my areas. How do I find an agent that is right for me in my area. What if the computer I want to insure is homemade or custom-built? What does a back-end ratio mean? What do I need to know about Universal Life Insurance?