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Investing Glossary:
Bypass trust
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| An Irrevocable trust that is designed to pay trust income (and principal, if needed) to an individual`s spouse for the Duration of the spouse`s lifetime. The Bypass trust is not part of the Beneficiary spouse`s estate and is not Subject to federal estate taxes upon his/her death.
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