Bypass Trust

Learn about the definition for this legal term.

What is Bypass Trust?

A tax--minimizing estate planning arrangement for spouses. During life, the couple transfers ownership of property into two trusts. At the death of the first spouse, some of the property goes to one trust (Trust A) for the maintenance of the surviving spouse.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

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