Residuary trust - How To Discuss
By Rachel Newton
Residuary trust,
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 decedents property equal to the remaining applicable exclusion amount and, therefore, does not cause any out of pocket expense for tax payment.
Meaning of Residuary trust & Residuary trust Definition
