Marital Trust
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.
Popular Insurance Terms
(coinsurance) plan where a portion of medical expenses are paid by an insured. Some health insurance policies provide that the insured shares expenses with the insurer according to a ...
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