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.
The definition of a cult is a group of people with extreme dedication to a certain leader or set of beliefs that are often viewed as odd by others, or is an excessive and misplaced admiration for someone or something, or is something that is popular among a certain segment of society.