Deceased Spousal Unused Election

Deceased Spousal Unused Election

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Deceased Spousal Unused Election

Deceased Spousal Unused Election definition:  For spouses that died after December 31, 2010 with estates less than the standard estate tax exclusion amount, the next spouse to die can claim the deceased spouse’s unused exclusion amount and add it to their own standard estate tax exclusion amount if previously elected on the federal estate tax form of the first spouse to die.  This allows a higher exclusion amount before estate taxes are owed for the second spouse to die.

Download our free Family Office Report to learn more about the family office industry.

Read more Family Office Definitions

Tags: What is deceased spousal unused election?, deceased spousal unused election definition, deceased spousal unused election family office, deceased spousal unused election term, define deceased spousal unused election, deceased spousal unused election wealth management, deceased spousal unused election multi-family office, deceased spousal unused election single family office

Leave Your Response

* Name, Email, Comment are Required

We run the Family Offices Group, the #1 largest family office association with 84,000+ global members. We offer live events, a bestselling book, Webinars, a family office database, and a family office training & certificate program called the Qualified Family Office Professional (QFOP). To get to know us please watch this 2 minute video, and contact us any time during pacific business hours by calling (212) 729-5067 or emailing us at Clients@FamilyOfficesGroup.com.

Free Family Office Report (PDF)

Contact Details for 1,000 Family Offices in Excel