A gift of a future interest doesn't qualify for the unlimited marital deduction, the $14,000 annual exclusion from gift taxes for gifts made to non-spouses, or the $148,000 annual exclusion from gifts taxes for gifts made to non-citizen spouses. In other words, it's always taxable.
A legend is a larger-than-life story that gets passed down from one generation to the next â like the legends of Beowulf, Robin Hood, or even Big Foot. The Latin word was originally limited to written stories, but in English, legend lost that limitation.
1.A myth is a cultural story told about the gods that may be religious in nature, but also instructs about the origins and norms a particular culture; legend also aspires to instruct, but by using real people, not gods. 2.Myths happen in faraway places a long time ago, while legends happen in the definable past.