Reciprocal-Trusts Doctrine

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Reciprocal-Trusts Doctrine

Definition

The rule that a decedent’s estate includes a trust if the decedent held a life interest in one of two interrelated trusts whose mutual value left the grantors in approximately the same position as they would have been under trusts naming themselves as life beneficiaries.

Related rules

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— Estate of Green v. United States

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— United States v. Estate of Grace

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