CHAPTER 2. Marital Deduction Gifts

Chapter 2 enacted by Stats. 1990, Ch. 79.

§§ 21520–21526 · 7 sections

• § 21520 As used in this chapter: (a) “Marital deduction” means the federal estate tax deduction allowed for transfers under Section 2056 of the Internal Revenue Code…
• § 21521 Sections 21524 and 21526 do not apply to a trust that qualifies for the marital deduction under Section 20.2056(e)-2(b) of the Code of Federal Regulations…
• § 21522 If an instrument contains a marital deduction gift: (a) The provisions of the instrument, including any power, duty, or discretionary authority given to a…
• § 21523 (a) The Economic Recovery Tax Act of 1981 was enacted August 13, 1981. This section applies to an instrument executed before September 12, 1981 (before 30 days…
• § 21524 If a marital deduction gift is made in trust, in addition to the other provisions of this chapter, each of the following provisions also applies to the marital…
• § 21525 (a) If an instrument that makes a marital deduction gift includes a condition that the transferor’s spouse survive the transferor by a period that exceeds or…
• § 21526 A fiduciary is not liable for a good faith decision to make any election, or not to make any election, referred to in Section 2056(b)(7) or Section 2523(f) of…