Create your Credit Shelter Marital Trust Form from scratch

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Here's how it works

01. Start with a blank Credit Shelter Marital Trust Form
Open the blank document in the editor, set the document view, and add extra pages if applicable.
02. Add and configure fillable fields
Use the top toolbar to insert fields like text and signature boxes, radio buttons, checkboxes, and more. Assign users to fields.
03. Distribute your form
Share your Credit Shelter Marital Trust Form in seconds via email or a link. You can also download it, export it, or print it out.

A brief guide on how to create a professional-looking Credit Shelter Marital Trust Form

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Step 1: Log in to DocHub to begin creating your Credit Shelter Marital Trust Form.

First, log in to your DocHub account. If you don't have one, you can simply register for free.

Step 2: Navigate to the dashboard.

Once logged in, access your dashboard. This is your primary hub for all document-centric activities.

Step 3: Kick off new document creation.

In your dashboard, hit New Document in the upper left corner. Pick Create Blank Document to create the Credit Shelter Marital Trust Form from a blank slate.

Step 4: Insert form fillable areas.

Add numerous elements like text boxes, images, signature fields, and other fields to your form and assign these fields to intended individuals as necessary.

Step 5: Customize your document.

Customize your document by inserting instructions or any other required tips leveraging the text tool.

Step 6: Go over and modify the document.

Thoroughly check your created Credit Shelter Marital Trust Form for any typos or required adjustments. Leverage DocHub's editing capabilities to perfect your document.

Step 7: Distribute or download the document.

After finalizing, save your file. You can select to keep it within DocHub, export it to various storage platforms, or send it via a link or email.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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When consulting with your attorney or tax advisor, consider the possible downsides to a credit shelter trust: Income tax returns must be filed for the trust in order to obtain the benefits of a CST. If the assets that are used to fund the trust are complicated this filing can be cumbersome and expensive.
A credit shelter trust is set up by one or both spouses during their lifetime with the help of an estate planning attorney or estate planning software. However, the trust does not take effect until after the first spouse in the couple dies.
Credit Shelter Trust vs Marital Trust - Is a Marital Trust the Same as a Credit Shelter Trust? No. A Marital Trust is a type of Credit Shelter Trust. You and your spouse can use a Marital Trust to pass assets to a surviving spouse, children or grandchildren.
When the credit shelter trust is initially funded upon the death of one spouse, the assets that are placed under the trust receive a step-up in basis. This is an important consideration, because any assets held in a CST dont receive a second step-up in basis upon the death of the surviving spouse.
The bypass trust, which is also referred to as a credit shelter trust, is one of the common types of trusts. It is used to eliminate or reduce federal estate taxes and is typically used by a married couple whose estate exceeds the applicable exclusion amount that is exempt from federal estate tax.
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Related Q&A to Credit Shelter Marital Trust Form

No. Credit Shelter Trusts are a popular tool for estate planning, and there are two main types of CSTs, the Marital Gift Trust and the Qualified Terminable Interest Property Trust (QTIP). Both of these Trusts preserve wealth via estate tax exemptions.
A marital trust enables you, the grantor of the trust, to set aside assets and property for your spouse if you die before he or she does. These assets can include stocks, bonds, mutual fund accounts, bank accounts, real property, and more. A marital trust also allows you to pass these assets over to a spouse tax free.

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