Marital or "A" trust Designed to provide benefits to a surviving spouse; generally included in the taxable estate of the surviving spouse Bypass or "B" trust Also known as credit shelter trust, established to bypass the surviving spouse's estate in order to make full use of any federal esta...
A Credit Shelter Trust (CST) is designed to allow affluent couples to reduce or completely avoidestate taxeswhen passingassetson to heirs, typically, the couple's children. This type of irrevocable trust is structured so that upon the death of the trust's creator or settler, the assets specif...
A Florida trust is one of the most beneficial planning documents there is. It can help both people with substantial assets, and people with more modest means. Jason Ponder takes you through a common sense, down to earth discussion about Trusts, what they can do for you, and the most ...
Assets above this amount are generally subject to a 40 percent estate tax at the federal level once the second spouse dies. When dollar amounts up to the threshold are held in a credit shelter trust, the surviving spouse can receive income from the trust’s assets until death, at which ...
Special needs trust distributions While the beneficiary is alive, the trustee of the trust may make discretionary distributions from the trust to meet the beneficiary's "supplemental needs," such as education expenses, a vacation, or hobbies; but, generally, not for food or shelter, which would...
Credit shelter trust: Sometimes called a bypass trust or family trust, this trust allows a person to bequeath an amount up to (but not over) theestate taxexemption. The rest of the estate passes to a spouse tax-free. Funds placed in a credit shelter trust are forever free of estate taxe...
解析 6.B 细节理解题。 根据第三段最后一句“Caleb has started to learn some basic commands in English, but the Dogs Trust shelter is hoping someone who speaks the language will adopt him."可知,他们希望有会说波兰语的人领养 Caleb。 反馈 收藏 ...
In general, the money in the trust that can be spent towards someone's basic necessities, like food and shelter, is considered income by the government. For example, using trust funds on food while receiving SSI could reduce the beneficiary's SSI payment dollar for dollar, up to a certain...
Trusts can shelter assets from estate tax and from creditors after you’re gone. They’re also a very private way to transfer wealth because only the trustee and the beneficiaries know the contents of the trust and the rules around their distribution. Compare that to probate, which is a matt...
A land trust is a legalized corporation that takes ownership and management of a property under the instruction of the property owner at stake. Land...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...