WebOverview. A trust is a way of managing assets (money, investments, land or buildings) for people. There are different types of trusts and they are taxed differently. Trusts involve: the ‘settlor ... WebFeb 24, 2024 · A marital trust would allow the surviving spouse to avoid paying estate taxes on those assets during their lifetime. The surviving spouse’s heirs, however, would be responsible for paying estate taxes on any remaining trust assets that eventually go to them. 2. Bypass Trusts (“B” or Credit Shelter Trusts)
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