UNLIMITED MARITAL DEDUCTION
Unlimited Marital Deduction is a provision that enables a person to move unlimited amounts of assets to his or her spouse at any given time, even in the event of death of transferor, that is free from tax. The provision is in effect in United Estate and Gift Tax Law. As a tool to preserve the estate, unlimited marital deduction can also be divided among living spouses and still free from estate and gift tax liabilities.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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Before anything else, one h ...
Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
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Time | Country | Indices | Period |
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