Unified Credit Trust

This document will automatically provide for the creation of a trust to prevent inclusion of assets in the surviving spouse's estate at death. These assets would otherwise be subject to estate taxes. This type of will relieves the surviving spouse of the decision making required to put assets into a trust under a disclaimer trust will. In addition, the automatic transfer of assets into a trust will assure that remaining trust assets pass to the surviving children rather than the wife or husband of the surviving spouse if there is a remarriage. As with the disclaimer trust, the trust can be designed to provide for payment of interest and principal to the surviving spouse and for retention of trust income and principal from children under the age of 21 until the age(s) specified by the parents in the trust document.

Lange Law Firm, P.A.
Highland Bank Building, 5270 West 84th St, Suite 300, Bloomington, Minnesota 55437-1385
Phone: (952) 837-1900, Fax: (952) 835-2236, Email: info@willandtrust.com