Definition of "Marital trust"

Patty Rainey real estate agent
Patty Rainey Crye Leike Realtors

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.

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