At the time of his prior death, Raul owned a residence with his wife, Manuela, as tenants by the entirety. 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 tenancy by the entirety, the property automatically passes to the surviving spouse upon death, and the value of the property is eligible for the marital deduction in the deceased spouse's estate.

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