Why is the establishment of a credit shelter trust fund considered a good estate planning technique?
Answer to relevant QuestionsWhat deductions are allowed in computing estate income taxes? What is a trust fund?Why have trust funds become especially popular in recent years?Marie Hardy’s will has the following provisions:“I leave the cash balance deposited in the First National Bank (up to a total of $50,000) to Jack Abrams. I leave $18,000 cash to Suzanne Benton. I leave 1,000 shares of ...Henry O’Donnell created an inter vivos trust fund. He owns a large department store in Higgins, Utah. He also owns a tract of land adjacent to the store used as an extra parking lot when the store is having a sale and ...
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