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A family estate trust is a trust that is sometimes called a bypass trust. It sometimes called
a credit shelter trust. It's a trust that can be put in a will. It's a trust that can
be put into a revocable living trust. And what a family estate trust does is it allows
a married couple to do a couple of things. First, to save estate taxes. Married couples
that they just leave all their property outright to their surviving spouse, an entire estate
tax exemption will die with them. If a married couple has a large enough estate, just leaving
it outright to the surviving spouse is going to cost a lot more tax. The second purpose
of a family estate trust is to bring some remarriage protection to the family. The money
that's in the family estate trust will be safe from being taken from the family if the
surviving spouse remarries.