bypass trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bypass trust … Law dictionary
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
bypass shelter trust — by·pass shelter trust n: bypass trust at trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Bypass Trust — An estate planning device used to pass down assets after death without subjecting them to the estate tax. A bypass trust is a type of irrevocable trust and is most commonly used to pass assets from parents to children at the time of the second… … Investment dictionary
Bypass trust — A bypass trust is typically created as part of an A/B Living trust estate plan after the death of the first spouse to die.The bypass trust receives property as specified in the trust document the bypass trust may receive all of the property of… … Wikipedia
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
bypass trust — An irrevocable trust that is designed to pay trust income (and principal, if needed) to an individual s spouse for the duration of the spouse s lifetime. The bypass trust is not part of the beneficiary spouse s estate and is not subject to… … Financial and business terms
Longdendale Bypass — The Longdendale Bypass (also known as the A57/A628 Mottram in Longdendale, Hollingworth Tintwistle Bypass) was a controversial road scheme in England (abandoned in March 2009) by the Highways Agency. The aim was to alleviate traffic congestion on … Wikipedia
Newbury bypass — The Newbury bypass near Donnington The Newbury bypass, officially known as The Winchester Preston Trunk Road (A34) (Newbury Bypass), is a 9 mile (14 km) stretch of dual carriageway road which bypasses the town of Newbury in Berkshire,… … Wikipedia
disclaimer trust — A kind of bypass trust that gives the surviving spouse the option of not splitting the trust after the first spouse s death if it s not necessary to save on estate tax. A surviving spouse may disclaim (decline to accept) some trust property; that … Law dictionary
Newcastle Inner City Bypass — Direction North South From … Wikipedia