reciprocal trust doctrine
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 395 U.S. 316 - United States v. Estate of Grace · 1969Most cited · 258 citing opinions
Application of the reciprocal trust doctrine requires only that the trusts be interrelated, and that the arrangement, to the extent of mutual value, leaves the settlors in approximately the same economic position as they would have been in had they created trusts naming themselves as life beneficiaries.