Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,529,368 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Marital Trust
(redirected from Marital Trusts)

    0.01 sec.
Marital trust
A 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
A trust into which one spouse deposits assets that transfer to the other spouse at some point in the future or upon the first spouse's death. A marital trust exists in order to avoid paying the estate tax. See also: Unlimited marital deduction.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
The two most common types of Marital Trusts are the General Power of Appointment (GPA) Trust and the Qualified Terminable Interest Property (QTIP) Trust.
For larger estates, a living trust, marital trusts, and charitable trusts may be suitable.
With regard to returns for the sub-trusts, such as the survivor's, by-pass and marital trusts, the IRS wanted these returns filed based on facts and not on a "deemed" funding date.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.