disclaimer trust

Definition

A trust set up by a married couple that allows the surviving spouse to put the estate's assets into the trust after the death of one spouse. The disclaimed properties transferred to the trust are not taxed and are distributable to beneficiaries.

Use disclaimer trust in a sentence

There was a disclaimer trust that we all worked with and everyone was fine and that was good to hear.

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The rich billionaire set up a disclaimer trust so his wife would be protected in the event of his death.

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You should always make sure that there is a disclaimer trust issued so that you know things will be done right.

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disclaimer of opinion disclosable event