Wilson County, TN Circuit Court
Wilson County, TN Circuit Court

Bypass trust

Bypass trust

: a trust in which a spouse leaves his or her estate upon death to a trust naming the surviving spouse as beneficiary usually with remainders to children or other descendants — called also bypass shelter trust, credit shelter trust, shelter trust
NOTE: The purpose of a bypass trust is to reduce the surviving spouse’s taxable estate. Such trusts do not qualify for the marital deduction.

This entry was posted on Sunday, June 3rd, 2018 at 7:52 am and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.



Comments are closed.


© 2016-2019 Wilson County, TN Circuit Court. All Rights Reserved • Website Design by Visionary Design Group