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Legal Glossary (M)

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Marital Deduction Trust: A marital deduction trust is the trust that belongs to a surviving spouse into which the p...
Marital Exemption: Marital exemption is the exemption allowed by the IRS for the estate of a deceased spouse ...
Medical Power Of Attorney: A medical power of attorney is a legal document specifically naming an agent to make healt...
Minor Child: A minor child is someone under the age of 21 or 18, depending on the state, who is not ol...

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