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Marital trust |
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Marital trustA trust created to allow one spouse to transfer, during life or upon death, an unlimited amount of property to his/her spouse without incurring gift or estate tax.Marital trust Similar MatchesUnlimited marital deductionUnlimited marital deductionAn Internal Revenue Service provision that allows an individual to transfer an unlimited amount of assets to a spouse, during life or at death, without incurring federal estate or gift tax. Marital deductionMarital deductionA tax deduction that allow spouses to transfer unlimited amounts of property to one another. |
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