Marital Deduction - Law Dictionary Search Results
marital deduction
Matched in: Term marital deduction
marital deduction trust
Matched in: Term marital deduction trust
trust
a bypass trust is to reduce the surviving spouse's taxable estate. Such trusts do not qualify for the marital deduction. charitable lead trust [-lēd-] : a trust in which a charity is named as the beneficiary for a … property called also Illinois land trust naked land trust living trust : inter vivos trust in this entry marital deduction trust : a marital trust created in order to qualify for the marital deduction ;esp : power of
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deduction
Matched in: Term deduction
property
a particular person qualified terminable interest property : property passing to a surviving spouse that qualifies for the marital deduction if the executor so elects providing that the spouse is entitled to receive income in payments made at
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