residuary trust


The second trust portion of a two trust arrangement, referred to as an A-B trust that receives the portion of a decedent's assets that exceeds the applicable exclusion amount and is held for the benefit of the surviving spouse. Assets transferred to a residuary trust, which is created upon the death of the trustor, are not considered as part of the trustor's or survivor's estate and are, therefore, not taxable to either. Also called a B trust.

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You may want to try and take on a residuary trust that may be able to help you both make more from it.

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The residuary trust was the second portion of the two trust arrangement and it was a bit different than what I had thought.

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The residuary trust that Max had received allowed him to pursue all his interests in the most extravagant way possible since his needs were always met.

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residual value residue