google bot detected Marital Trust | Insurance Glossary |

Marital Trust

Definition of "Marital trust"

Kamila  Gresham
  Keller Williams Realty Partners

Trust that qualifies assets under the marital deduction provision in the Federal Tax Code for favorable treatment of an estate. The surviving spouse has the full power to use the assets of the trust as well as to transfer assets to any heirs. Upon the death of the surviving spouse, any assets in the trust are subject to federal estate tax.

Related Real Estate Glossary terms

Related Real Estate FAQ