Search

What is another word for exemption trust?

Pronunciation: [ɛɡzˈɛmpʃən tɹˈʌst] (IPA)

An exemption trust, commonly known as a bypass trust or a credit shelter trust, is an estate planning tool that provides tax benefits and safeguards the assets of the grantor's estate. Synonymous with tax-saving trusts, an exemption trust allows individuals to transfer a portion of their estate tax-free, ensuring their beneficiaries' financial security. By utilizing these trusts, one can effectively circumvent the hefty estate tax burden, as assets placed within the trust are exempt from estate taxes upon the grantor's death. With the creation of an exemption trust, individuals can guarantee their loved ones' financial stability while minimizing their tax liability, making it a valuable addition to any comprehensive estate plan.
Opposite words
Antonyms
Search

What are the opposite words for exemption trust?

There are several antonyms for the term "exemption trust." Instead of being exempt from certain taxes or fees, there are trusts that may trigger tax liabilities or be subject to fees. For example, a "taxable trust" is one that requires the payment of taxes on its income or distributions. An "estate trust" is formed to manage the assets of a deceased person and distribute them according to their will. Similarly, a "living trust" is created by a person during their lifetime to manage their assets and distribute them after their death. Unlike an exemption trust, these types of trusts are subject to different legal and tax rules.

What are the antonyms for Exemption trust?

Word of the Day

straight dope
Synonyms:
scuttlebutt, scuttlebutt.