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.
Definition of mythical. 1 : based on or described in a myth especially as contrasted with history. 2 usually mythical : existing only in the imagination : fictitious, imaginary constructed a mythical all-star team. 3 usually mythic : having qualities suitable to myth : legendary the twilight of a mythic professional career â Clayton Riley.