MLchartDataset catalogue

Disclaimer trust

Term · Law · MLC-T-LAW-001641

A legal arrangement established to receive assets that a beneficiary has disclaimed from an estate. This trust allows the disclaimed assets to be managed for the benefit of other designated individuals, often to achieve specific estate planning or tax objectives. It is frequently used in conjunction with marital deduction planning to provide flexibility after the first spouse's death.

Table 1. Record
IdentifierMLC-T-LAW-001641
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001641",
  "term": "Disclaimer trust",
  "field": "Law",
  "definition": "A legal arrangement established to receive assets that a beneficiary has disclaimed from an estate. This trust allows the disclaimed assets to be managed for the benefit of other designated individuals, often to achieve specific estate planning or tax objectives. It is frequently used in conjunction with marital deduction planning to provide flexibility after the first spouse's death.",
  "url": "https://mlchart.com/terminology/law/disclaimer-trust/"
}

Record 1,512 of 5,441 in Law terminology (MLC-0107). Request the full dataset.