Credit Shelter Trust
A credit shelter trust (CST) is an estate planning tool utilized for married couples with substantial wealth. This trust is a revocable trust which contains trusts that are created after the death of the first spouse. Upon the death of the first spouse, assets placed in the trust are generally held apart from the estate of the surviving spouse, so they may pass tax–free to the remaining beneficiaries at the death of the surviving spouse.
Retirement Asset Trust
A retirement asset trust (RAT) is a trust that you can establish that can minimize the tax consequences and maximize the value of your retirement assets that pass to your beneficiaries. The RAT can force your beneficiary(ies) to “stretch” the distributions from your retirement assets over their life expectancy, which maximizes the assets’ growth while minimizing the income tax consequences.