If your spouse is not a US Citizen, the unlimited marital estate tax deduction does not apply. In situations involving a non-citizen spouse, you should work with a skilled attorney to set up a QDOT trust, which is specifically designed to preserve the marital deduction. With a QDOT trust, you will be able to bequeath unlimited assets to your non-citizen spouse tax-free.
- Legal Tip of the Day – November 18, 2013
- Legal Tip of the Day — December 2, 2013