An exemption trust will has all of your assets going to your spouse except for a certain amount of assets, which goes into a trust.

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An exemption trust, also known as a bypass trust or credit shelter trust, is designed to help married couples minimize estate taxes by taking full advantage of each individual's estate tax exemption. Under this trust, a certain amount of assets, up to the maximum estate tax exemption amount, is placed in the trust upon the death of the first spouse. The surviving spouse can receive income from the trust, but does not have direct access to the principal. The remaining assets are transferred directly to the surviving spouse outside of the trust.

An Exemption Trust Will Has All of Your Assets Going