estate trust

A trust that is established to qualify a deceased spouse’s property for the marital deduction.

• The trustee may be given discretion to distribute principal or income to the donor’s spouse if the donor also provides that, at the surviving spouse’s death, any accumulated income and remaining principal must be distributed to the surviving spouse’s estate. See marital deduction under DEDUCTION.

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词条贡献者

译员圣强，国际仲裁与争端解决专业，专注翻译各种与跨境争议有关的法律文件。