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Exemption Trust

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Exemption Trust
A trust whose purpose is to drastically reduce or eliminate federal estate taxes for a married couple's estate. This type of estate plan sets up an irrevocable trust that will hold the assets of the first spouse to die.

Notes:
The amount will not be taxed for federal estate tax purposes when the second spouse dies.


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In PLR 9630034, an IRA disclaimer was used to fully fund an exemption trust.
The Bypass Trust: Using Disclaimers to Manage Large IRA Balances by Foss, Mary Kay / California CPA
Eligibility of nonelecting spouse's trust to challenge innocent-spouse relief: Hale Exemption Trust, TC Memo; p.
IRA distributions based on joint life expectancies and AFR will be ... by Fiore, Nicholas J. / The Tax Adviser
Other Travelers Life & Annuity estate planning products available on WebStory include supplemental income, family income trust, lifetime exemption trust, credit shelter maximizer and family dynasty trust.
Travelers Life & Annuity Adds New Concepts to WebStory Advanced ... by Business Wire
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