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.
add a comment |. up vote 3 down vote. A legend is a caption, a title or brief explanation appended to an article, illustration, cartoon, or poster. A key is an explanatory list of symbols used in a map, table, etc. Legend is more generic, while key is more specific. Neither word implicates anything about the location of the text/list.