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A Two-Trust Estate Plan

A Two-Trust Estate Plan, using a credit shelter trust along with one other trust, saves estate tax the way a credit shelter does, but also places the other assets that pass to your spouse under the marital deduction in a trust, rather than passing to your spouse outright. You may give your spouse a lifetime power to distribute trust property, or give your spouse power to distribute property only by will.

Wealth Management at Hudson Valley Credit Union and LPL Financial do not provide tax or legal advice or services. Please consult your tax or legal advisor regarding your specific situation.

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