a person who entices or lures another person or thing, as into danger, a trap, or the like. 2. anything used as a lure. 3. a trained bird or other animal used to entice game into a trap or within gunshot. 4. an artificial bird, as a painted wooden duck, used for the same purpose.
A credit-shelter trust (also known as an A-B trust, a bypass trust, or an exemption equivalent trust) is a way for you to pass on your estate and to avoid estate taxes. Under a credit-shelter trust, your surviving heirs would not receive your property (which would then be subject to an estate tax).
Under law, the only investors eligible for Low Income Housing Tax Credit (LIHTC) investments are large C corporations. As the financial markets deteriorated in the second half of 2008, so did the C corporationsâ profits that are typically offset by tax credits, like the LIHTC.