credit shelter trust

Definition of "credit shelter trust"
  1. A type of trust that is established to pass assets to beneficiaries, without incurring estate taxes; it is also known as a bypass trust
How to use "credit shelter trust" in a sentence
  1. The wealthy couple decided to create a credit shelter trust to protect their assets for their children.
  2. Using a credit shelter trust can help to reduce potential estate taxes upon death.
  3. To preserve their estate for their heirs, they established a credit shelter trust.
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