The purpose of this assignment is to describe the appropriate use of the marital

Finance

By Robert C.

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The purpose of this assignment is to describe the appropriate use of the marital deduction in estate planning including for both domestic and international spouses and explain the relationship between the marital deduction and the qualified interest trust.
Bill and Barb are married. They created ‘sweet heart wills’ which give the surviving spouse everything.
Instructions
In a well written essay, respond to the following:
How does the unlimited marital deduction operate?
What is the reasoning behind the unlimited marital deduction? What are the benefits of the unlimited marital deduction?
How does portability work?
This will be  evaluated based on the quality and depth of your responses to the questions above about marital deduction in estate planning.