5+ Ways Can Spouse Be Trustee Of Credit Shelter Trust
5+ Ways Can Spouse Be Trustee Of Credit Shelter Trust. A last will and testament, or a trust, can direct that a cst be created and funded at the death of the first spouse, with some or all of the deceased spouse’s available exemption. The structure of a credit shelter trust.
The assets placed in the credit shelter. The credit shelter trust mechanism transfers the assets held by one spouse, upon their death, to a trust; And on such spouse's death, 5% of the trust assets may be subject to federal estate tax if she has a 5/5 withdrawal power.