At the time of his prior death,Raul owned a residence with his wife,Manuela,as joint tenants.The residence was purchased by Manuela ten years ago at a cost of $300,000 and has a fair market value of $1.4 million.Raul's estate will be allowed no marital deduction as to the property.

Question

Quizplus · Accepted Answer

In a joint tenancy, the surviving spouse automatically inherits the deceased spouse's share, and the value of the property is typically eligible for the marital deduction in the estate of the deceased spouse.

At the Time of His Prior Death,Raul Owned a Residence