Bypass Trust

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Bypass trust

An irrevocable trust that is designed to pay trust income (and principal, if needed) to an individual's spouse for the duration of the spouse's lifetime. The bypass trust is not part of the beneficiary spouse's estate and is not subject to federal estate taxes upon his/her death.

Bypass Trust

An irrevocable trust into which the trustor deposits funds and other assets to provide for a surviving spouse. In a bypass trust, the trustor names his/her surviving spouse as beneficiary and provides that the income and/or principal from the trust shall pass to that spouse upon the trustor's death. A bypass trust is common when a person wishes to avoid estate taxes on assets passing to the spouse. See also: Q-TIP.

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No references found			ALLOCATION IN LIVING TRUSTS AT THE FIRST DEATH The following are a few common examples of transfers in trust that have GSTT implications: First, consider a married couple with an AB trust, that is, one that creates only a bypass trust and a survivor's trust (see Exhibit I). The generation-skipping transfer tax: a quick guide: boil down the ... by Powell, Mark E. / Journal of Accountancy estate tax stuff like bypass trusts and qualified terminable interest property trust provisions. Money without borders: estate tax planning for cross-border families by Hodgen, Philip D. W. / California CPA tax bypass trust In a tax bypass trust, one spouse will put assets in a trust for the benefit of the surviving spouse up to the limit of his federal estate tax exemption, which is $2 million. Financial planning key to successful retirement by Friedman, Mark / Arkansas Business			Buyer's Call buyer's market Buyer's Remorse Buyers' Market Buyers/sellers on balance Buying Climax Buying Habits Buying Hedge Buying Panic Buying Power Buying Rate Buying the Index buyout Buyout firm Buyout Program BV BW BWP BY by operation of law BYB Bylaw Amendment Limitation Bylaw Amendment Limitations bylaws Byline Bypass Trust BYR Byte BZ BZD C C Corporation C&I C-corporation C-EZ C-Share C/O C2P CA Caa Cabaleria cambiaria Cabeza y hombres Cabinet Crowd Cabinet Security Cable CAC 40 CAC 40 Index Cacciatore di offerte CAD cadastral CADS			bypass bypass Bypass Air Control Bypass Air Control Valve Bypass Angioplasty Revascularization Investigation bypass capacitor bypass capacitor bypass channel Bypass Character bypass condenser bypass condenser Bypass Coordinator Bypass Diode bypass engine Bypass Filter Bypass Filter Bypass Graft Bypass Graft Bypass Graft Bypass Graft Bypass Graft Bypass Graft Bypass Interconnect Card Bypass Label Processing bypass obstruction Bypass pin Bypass ratio Bypass ratio Bypass Status Bypass surgery Bypass Trust Bypass Trusts Bypass Turbojet Engine Bypass valve Bypass valve bypass vent bypassed bypassed bypassed bypassed bypasses bypasses bypasses bypasses bypassing bypassing bypassing bypassing bypast bypath bypaths BYPB BYPC BYPHS BYPL byplay BYPO BYPP byproduct byproduct byproduct

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