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Trust Glossary

Credit Shelter Trust - Arranged for an estate to be divided into two parts at the end of a grantor’s lifetime. The first part passes directly to the designated spouse tax free because of unlimited marital deduction. The second part maximizes the benefit of the unified credit exclusion to minimize estate tax liability for the surviving spouse and continuing beneficiaries.


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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.






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