marital deduction trust

Definition of "marital deduction trust"
  1. A type of trust established with the purpose of claiming a tax reduction provided for married couples
How to use "marital deduction trust" in a sentence
  1. To ensure that the assets are fully exempt from estate taxes, the couple established a marital deduction trust.
  2. Consult your financial advisor to find out if creating a marital deduction trust can help you minimize tax liabilities.
  3. The family lawyer advised them to set up a marital deduction trust for the best tax benefits.
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