Bypass Trust A trust for couples designed to save on federal estate tax at the death of the second spouse.
BYPASS TRUST: Also called a marital life estate or an A-B trust. A trust designed to help couples with combined assets over $600,000 save money on estate taxes.
Bypass trust
Definition
: a trust in which a spouse leaves his or her estate upon death to a trust naming the surviving spouse as beneficiary usu. with remainders to children or other descendants ...
Bypass Trusts
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It is not considered part of the second spouse's for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. (See also: bypass trust, ...
 See also: Estate, Law, Estate tax, Property, Trust
  
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