CSTs are designed to allow affluent couples to reduce or avoid estate taxes when passing assets to heirs. CSTs are created upon a married individual’s death and funded through the estate

Related Terms

  • Trustee

  • Testamentary Trust

  • Special Needs Trust

  • Revocable Trust

  • Qualified Terminable Interest Property (QTIP) Trust

  • Living Trust

  • Irrevocable Trust

  • Insurance Trust (ILIT)

  • Grantor

  • Generation-Skipping Trust (GST)

  • Charitable Remainder Unitrust (CRUT)

  • Charitable Remainder Trust

  • Blind Trust

  • Asset Protection Trust (APT)