estate trust

estate trust

A trust that is established to qualify a deceased spouse’s property for the marital deduction.

? The trustee may be given discretion to distribute principal or income to the donor’s spouse if the donor also provides that, at the surviving spouse’s death, any accumulated income and remaining principal must be distributed to the surviving spouse’s estate. See marital deduction under DEDUCTION.


What is the legal equivalent of the term estate trust in Chinese?
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