Estate Planning for the Marital Deduction


Estate Planning for the Marital Deduction explains the factors that can affect planning for the marital deduction trust─a trust in which transfers of property between married partners are free of federal transfer tax. This course describes how taxes can impact the marital deduction and discusses the transfer tax credits. It describes the advantages of a pecuniary bequest and explains the factors to consider for a nonformula pecuniary bequest. This course also describes the benefit of the formula pecuniary clause, including the effect of outright gifts and local law. This course discusses the advantages and disadvantages of the pecuniary credit shelter bequests. It explains what a nonformula fractional share bequest is and when it is appropriate.


Audience: Trust officers with at least three years of personal trust experience who need a deeper understanding of technical trust concepts and how solutions work when applied to client needs.


Learning Objectives: After completing this course, students will be able to:

  • Recognize the importance of planning for the marital deduction
  • Explain the various marital formulas and how they can be used in estate planning