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residuary trust

The second trust portion of a two trust arrangement, referred to as an A-B trust that receives the portion of a decedent's assets that exceeds the applicable exclusion amount and is held for the benefit of the surviving spouse. Assets transferred to a residuary trust, which is created upon the death of the trustor, are not considered as part of the trustor's or survivor's estate and are, therefore, not taxable to either. Also called a B trust.

Related information about residuary trust:
  1. What is residuary trust? - BusinessDictionary.com
    Definition of residuary trust: B trust portion of an A-B trust, created upon the death of the creator (trustor) of a living trust. It typically holds the decedent's property ...
     
  2. What is residuary trust? definition and meaning - InvestorWords.com
    Definition of residuary trust: The second trust portion of a two trust ... Assets transferred to a residuary trust, which is created upon the death of the trustor, are not ...
     
  3. Edith J. Goode Residuary Trust
    Welcome to the Edith J. Goode Residuary Trust website! ( Grants are generally issued in the first quarter of the calendar year.) We all have important values and ...
     
  4. Are Monthly Bills Paid From a Residuary Trust or a Living Trust - eHow
    Are Monthly Bills Paid From a Residuary Trust or a Living Trust?. Monthly bill payment is a standard function of the trustee of a trust account. Bills can be paid ...
     
  5. Glossary of Trust Terms - CPA Journal Online
    Residuary Trust. This is any trust (there are numerous varieties) funded with the assets remaining (the residue) after the payment of all prior ("pre-residuary") ...
     
  6. Who We Are: Charles K. Blandin Residuary Trust - Blandin Foundation
    Nov 9, 2011 ... At that time, Mr. Blandin also established the Charles K. Blandin Residuary Trust, a legally separate entity responsible for investing and ...
     
  7. A residuary Trust question - JustAnswer
    Mar 3, 2009 ... Question - A residuary Trust question. Find the answer to this and other Estate Law questions on JustAnswer.
     
  8. Helen W. Buckner Charitable Residuary Trust - Discover the Networks
    Helen W. Buckner Charitable Residuary Trust's Visual Map ... The H.W. Buckner Charitable Residuary Trust is principally a funder and promoter of radical ...