Candice is updating her estate planning and wants to write a legal document that will allow all of her assets to go to her spouse except for a certain amount that will be set up in a trust. The trust (plus interest) can provide her spouse lifelong income that will not be taxed. She is writing a(n)

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Candice is describing an exemption trust will, which allows for a certain amount (the exemption amount) to be transferred to a trust that provides tax-free income for the surviving spouse. The rest of the assets would go directly to the spouse. This type of will is commonly used as a way to minimize estate taxes.

Candice Is Updating Her Estate Planning and Wants to Write