MetaGlossary.com: By-Pass Trust

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Keywords: Shelter, Decedent, Trust, Bypass, Exclusion

Related Terms: Settlor, Revocable Trust, Pour-Over Will, Living Trust, Inter Vivos, Inter Vivos Trust, Heir, Bypass Trust, Blind Trust, Residuary, Revocable, Irrevocable Trust, Successor Trustee, Bare Trust, Grantor Trust, Spendthrift Trust, Charitable Trust, Heirs, Residuary Estate, Testamentary Trust, Credit Shelter Trust, Irrevocable Living Trust, Marital Deduction, Distributee, Bequest, Residuary Beneficiary, Decedent, Ab Trust, Qualified Terminable Interest Property Trust, Remainder Beneficiary, Revocable Living Trust, Marital Trust, Unlimited Marital Deduction, Remainderman, A-B Trust, Qualified Personal Residence Trust, Qprt, Probate Estate, Testamentary, Grat, Qualified Terminable Interest Property, Qtip Trust, Ancillary Probate, Disclaimer Trust, Dynasty Trust, Generation-Skipping Trust, Inter-Vivos Trust, Pour Over Will, Testamentary Trustee, Qualified Domestic Trust

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an estate planning tool commonly used to minimize the amount of estate tax paid on the combined assets of married couples

http://www.state.nm.us/tax/tax/d&o/dno2002_15.htm

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See Credit Shelter Trust.

http://www.miriamjacobsonlaw.com/RealtyAndEstatesLaw/ep-glossary.html

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Another name for the "B" part of an A-B living trust because the assets in this trust bypass federal estate taxes.

http://www.ohioelderlaw.com/13.aspx

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The Trust created to hold assets of a value equal to the decedent's estate tax exclusion amount, $2,000,000 in 2006-2008, for federal purposes, on such terms that those assets will "by-pass" further estate taxes when the initial beneficiary of the trust dies. (Same as "Credit Shelter Trust" and "B-Trust".)

http://mikecollins.com/glos.htm

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See tax planning trust.

http://www.austinlivingtrust.com/definitions.html

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