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FREQUENTLY ASKED QUESTIONS > GLOSSARY OF TERMS > MARITAL DEDUCTION TRUST ("MDT")

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Upon the death of a spouse, after funding the Credit Shelter Trust, the remaining estate assets are usually used to fund the Marital Deduction Trust established for the benefit of the surviving spouse.

When the surviving spouse has no Power of Appointment the Trust is called a QTIP Trust (Qualified Terminal Interest Trust). The MDT is frequently called a “B” Trust.