The rest of the estate passes to some spouse tax-free. Resources put within a credit shelter trust are eternally free of estate taxes, even when they develop.
These examples are from corpora and from resources on the net. Any views from the examples don't depict the view of the Cambridge Dictionary editors or of Cambridge College Press or its licensors.
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[ C ] a authorized arrangement during which somebody or Group controls house and/or dollars for one more person or Corporation:
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A trustee is named when the trust is set up; this man or woman is answerable for managing the affairs with the trust and transferring the property on the beneficiaries at enough time from the grantor's Dying.
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