MLchartDataset catalogue

Qualified domestic trust

Term · Law · MLC-T-LAW-004059

A trust used to defer estate taxes on property passing to a non-citizen surviving spouse. The trust must meet specific requirements, including having at least one U.S. citizen or domestic corporation as a trustee. The principal of the trust is subject to estate tax when distributed to the spouse or upon the spouse's death.

Table 1. Record
IdentifierMLC-T-LAW-004059
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004059",
  "term": "Qualified domestic trust",
  "field": "Law",
  "definition": "A trust used to defer estate taxes on property passing to a non-citizen surviving spouse. The trust must meet specific requirements, including having at least one U.S. citizen or domestic corporation as a trustee. The principal of the trust is subject to estate tax when distributed to the spouse or upon the spouse's death.",
  "url": "https://mlchart.com/terminology/law/qualified-domestic-trust/"
}

Record 4,108 of 5,441 in Law terminology (MLC-0107). Request the full dataset.