Will Jones has created a will that leaves everything to his wife except an exemption amount of $2 million.This exemption amount passes into a trust.What type of will has Will created?

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Will has created an exemption trust will. This type of will leaves everything to the surviving spouse but sets aside an exemption amount for tax purposes. The exemption amount passes into a trust, which is managed for the benefit of the surviving spouse during their lifetime. Upon the spouse's death, the remaining assets in the trust pass to named beneficiaries.

Will Jones Has Created a Will That Leaves Everything to His