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Complex Will with Credit Shelter Marital Trust for Large Estates Illinois Form

Complex Will with Credit Shelter Marital Trust for Large Estates Illinois Form

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brian let's talk about something that i think a lot of people do not understand and i know that you can shed some light on this and this is the av credit shelter trust what is that yeah it goes by a lot of different names i've heard it called the ab trust credit shelter trust a credit exemption trust lots of different names basically the purpose of this is to get not pay as much of estate tax on the value of your assets when you pass away so there have been times in history especially recently where the federal estate tax exemption amount is really high and you wouldn't really have to worry about having these trusts in your will because no one's going to pay any federal estate tax but your state that you live in may not follow those same rules they may have a much lower exemption amount like they do in the state of washington where i am here much lower exemption amount so it affects a lot more people but it's good to have potentially have this in

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Complex will with credit shelter marital trust for large estates illinois form

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