Create Trusts examples like this template called Credit Shelter Trust that you can easily edit and customize in minutes.
Spouse leaves everything
to surviving spouse
Spouse leaves his or her half of estate
in a credit shelter trust
$4 million estate
$4 million for surviving spouse
$2.835 million for children
$1.5 million credit shelter trust
$2.5 million
$3.54 million for children
No tax at first spouse's death
Tax at surviving spouse's death
= $1.135 million
At surviving spouse's death, trust assets pass to children tax-free
Surviving spouse's tax exemption reduces tax on his or her portion of estate
(remaining tax: $460,000)
Exemption eliminates tax on trust
$2.5 million for surviving spouse's benefit
Credit Shelter Trust
