marital deduction trust

A testamentary trust created to take full advantage of the marital deduction; esp., a trust entitling a spouse to lifetime income from the trust and sufficient control over the trust to include the trust property in the spouse’s estate at death. See marital deduction under DEDUCTION. [Cases: Internal Revenue 4169. C.J.S. Internal Revenue § 535.]

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词条贡献者

资深译员维皓，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与反垄断诉讼有关的法律文件。