Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
credit-shelter trust — /ˌkredɪt ˌʃeltə trʌst/ noun money put in trust in order to escape federal estate tax COMMENT: This type of trust is where someone leaves half his estate to his wife and puts the other half into a trust. After his death, his wife can continue to… … Dictionary of banking and finance
Credit Shelter Trust - CST — A type of trust that allows a married investor to avoid estate taxes when passing assets on to heirs. The trust is structured so that upon the death of the investor, the assets specified in the trust agreement (up to a specified maximum dollar… … Investment dictionary
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… … Wikipedia
bypass trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bypass trust … Law dictionary
Marital Trust — A fiduciary relationship between a trustor and trustee for the benefit of a surviving spouse and the married couple s heirs. Also called an A trust, a marital trust goes into effect when the first spouse dies. Assets are moved into the trust upon … Investment dictionary
AB trust — A trust that allows couples to reduce or avoid overall. Each spouse puts property in the AB trust. When the first spouse dies, his or her half of the property goes to the named in the trust commonly, the couple s grown children with the crucial… … Law dictionary
Bypass Trust — An estate planning device used to pass down assets after death without subjecting them to the estate tax. A bypass trust is a type of irrevocable trust and is most commonly used to pass assets from parents to children at the time of the second… … Investment dictionary
trust — /trʌst / (say trust) noun 1. reliance on the integrity, justice, etc., of a person, or on some quality or attribute of a thing; confidence. 2. confident expectation of something; hope. 3. confidence in the ability or intention of a person to pay… …
