Most people have heard of income tax deductions, and there are income tax issues that involve married couples specifically. However, the term "marital deduction" has relevance within the estate planning community. It has nothing to do with income taxes in this context. What this refers to is the ability of a surviving spouse to inherit any sum of money from his or her deceased spouse free of the estate tax. There is a $5.25 million federal estate tax exclusion in place for 2013. It should be … [Read more...] about Connecticut Estate Planning: What Is the Marital Deduction?