Vanderbilt Law Review

First Page



This note explores applications of the unitrust in estate tax planning.

Part II presents general characteristics of the unitrust, including its advantages and limitations.

Part III discusses the use of the unitrust as a marital deduction trust, including prescription for administration of the marital deduction unitrust in various situations involving different sizes of estates.

Part IV presents income tax considerations involved in the use of the unitrust, under subchapter J of the Internal Revenue Code. Finally, Part IV suggests amendments to the basic unitrust form for maximizing its effectiveness in estate planning.