Garth is married to Hana, a native and citizen of Norway. Garth is a U.S. citizen. They live in New York City. He owns a life insurance policy on his life. The latest statement from the life insurance company indicated the following: Death Benefit - $1,000,000 Cash Value - $300,000 Beneficiary - Hana (his wife) If Garth died today, and the insurance proceeds were paid to Hana (a resident alien), what amount will qualify for the estate tax marital deduction?  

Answer rating: 100% (QA)

In this scenario since Garth is a US citizen and Hana is a resident alien the marital deduc... View the full answer