|
|
 |
 |
 |
 |
 |
In Reply to: Re: Credit sheter trust posted by jaxx on March 18, 2004 at 13:30:24:
:
In year 2004, a donor exlusion for life time gifts are 1m, the exclusion at death is 1.5m.
A donor in 2004 can leave ,via his will, 1.5m to a credit shelter trust with no taxes due.
THAT IS THE MAXIMUM!
: A credit shelter trust is a separate trust.
: It for the purpose of gifting the exclusion allowance.