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).
Shelter Doctrine Law and Legal Definition. Shelter doctrine is a principle of commercial law that any person or any later transferee to whom a holder in due course transfers commercial paper will succeed to the rights of the holder in due course. Therefore, generally the transferees of holders in due course are not subject to defenses against the payment of an instrument.