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).
Further, if their are children who are named in the will, by way of a separate Trust, can the individual acting as the Trustee of the primary Credit Shelter Trust, who is also the Personal Representative and largest Beneficiary of the decedent's assets, name his personal and business accountant as the Trustee for the second Trust, created for the ...