Dictionary
Thesaurus
Encyclopedia
Translator
Web

marital-deduction trust

 - 1 dictionary result
Financial Dictionary

marital-deduction trust

A trust designed to pass assets to a spouse. The trust is used instead of leaving the assets to the spouse directly. The beneficiary receives income from the trust until his or her death, at which time the trust's assets are distributed or the trust is included in the deceased's estate. See also QTIP trust.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Search another word or see marital-deduction trust on Thesaurus | Reference
FacebookTwitterFollow us: