William is updating his estate planning and wants to set up the legal document to leave all of his assets except a specific amount to his wife.He is writing a(n)

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An exemption trust will, also known as a bypass trust or a credit shelter trust, is a type of estate planning document that allows a person to leave all of their assets except for a specific amount (which is equal to the estate tax exemption) to their spouse tax-free. This type of will is often used to maximize the estate tax exemption and minimize estate taxes.

William Is Updating His Estate Planning and Wants to Set