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Trust Glossary

Tax Apportionment Clause - A clause in a will specifying the source of funds for the payment of decedent's estate tax. Generally of one of two types, either:
  • Each gift pays it pro-rata share
  • The residuary estate bears all estate tax liability

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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

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