MLchartDataset catalogue

Marital deduction trust

Term · Law · MLC-T-LAW-003154

A type of trust designed to qualify assets transferred to a surviving spouse for the federal estate tax marital deduction. This allows the assets to pass to the spouse free of estate tax at the first spouse's death. The trust must meet specific Internal Revenue Code requirements, such as granting the surviving spouse a general power of appointment or qualifying as a Qualified Terminable Interest Property (QTIP) trust.

Table 1. Record
IdentifierMLC-T-LAW-003154
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003154",
  "term": "Marital deduction trust",
  "field": "Law",
  "definition": "A type of trust designed to qualify assets transferred to a surviving spouse for the federal estate tax marital deduction. This allows the assets to pass to the spouse free of estate tax at the first spouse's death. The trust must meet specific Internal Revenue Code requirements, such as granting the surviving spouse a general power of appointment or qualifying as a Qualified Terminable Interest Property (QTIP) trust.",
  "url": "https://mlchart.com/terminology/law/marital-deduction-trust/"
}

Record 3,119 of 5,441 in Law terminology (MLC-0107). Request the full dataset.