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.]

---

词条贡献者

资深法律翻译Patrick，毕业于美国顶尖的高级翻译学院，专注翻译各类与资产管理有关的法律文件。