Analyze the surviving spouse or spouse estate

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Reference no: EM133671694

Question: Consider the terminable interest rules and whether the following qualifies for a marital deduction. Decedent gave a remainder interest in property to child, but retained possession for a term of 10 years. The fair market value of the remainder interest transferred to the child was $150,000. Decedent died in Year 7, when he still had the right to possession of the property for three years. The right to the remaining term was left to the surviving spouse or spouse's estate. Analyze.

Reference no: EM133671694

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