nondeductible terminable interest rule


non·​de·​duc·​ti·​ble terminable interest rule
: a rule in estate tax law: the value of a property interest that passes to a surviving spouse may not qualify for the marital deduction if it passes from the surviving spouse to another person for less than adequate consideration upon the happening of some event (as the passing of a period of time) see also qualified terminable interest property at property

Dictionary Entries Near nondeductible terminable interest rule

nondeadly force

nondeductible terminable interest rule


Cite this Entry

“Nondeductible terminable interest rule.” Legal Dictionary, Merriam-Webster, Accessed 29 Jan. 2023.

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