Taking a conventional approach, the daughter could repay the father's credit shelter trust $100,000 a year, plus interest, for 10 years.
What does CST stand for?
CST stands for Credit Shelter Trust
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of CST
We have 570 other meanings of CST in our Acronym Attic
- Correctional Services Technician
- Corticospinal Tract (nerve fibers)
- Corticosteroid Therapy
- Cosmetic Surgery Times (medical website)
- Cost Sharing Transaction (US IRS)
- Council for Science and Technology (UK)
- Council on Student Travel
- Countermeasures System Torpedo
- Country Support Team (UNFPA)
- Craniosacral Therapist
Samples in periodicals archive:
Significantly, this is accomplished without the need of a credit shelter trust under the husband's will and without having to retitle assets to assure each spouse owns at least $5 million.
The assets held in a bypass or credit shelter trust would not be entitled to such a basis adjustment.
For example, from an income tax perspective, Hayley's GST exempt credit shelter trust likely would pass all taxable income through the trust to her, yet will likely not be subject to gift, estate, and GST tax.
5 million credit shelter trust in 2009, Illinois estate taxes of $209,124 would be attributable to the $1.
You can equalize your estates--for instance, by holding property as tenants in common or by properly titling community property--and use a credit shelter trust to minimize estate taxes.