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.
a story or statement in general circulation without confirmation or certainty as to facts: a rumor of war. gossip; hearsay: Don't listen to rumor. Archaic. a continuous, confused noise; clamor; din. to circulate, report, or assert by a rumor: It is rumored that the king is dead.