Carl and Carol Williams, a married couple, are doing some estate plann

Carl and Carol Williams, a married couple, are doing some estate planning. Upon his death, Carl plans to leave $1,000,000 in property to his wife.

This amount will reduce the value of Carl’s gross estate and will be taxed later when Carol dies. This reduction of the gross estate is called the
A) unified tax credit.
B) taxable estate.
C) capital gains deduction.
D) marital deduction.

ANSWER

Answer: D