Which of the following is not true of a Credit-Shelter trust?
A) It is also known as a residuary trust.
B) It allows $11.18 million (in 2018) of every estate to pass free of federal estate taxes to your spouse.
C) Only an estate of more than $22.36 million is taxable for a married couple.
D) The exemptions allowed by the Tax Cuts and Jobs Act of 2017 never expire.
E) It is also known as a bypass trust.
Correct Answer:
Verified
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