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Trust Glossary

Marital Deduction - Federal estate and gift tax deduction that allows qualifying gifts, at death or during life, to one's U.S.-citizen spouse to pass tax free.

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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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