a very flexible trust designed to achieve tax saving but to enable the surviving spouse to make decisions after the death of the first spouse to maximize the control of and benefit to the surviving spouse
A disclaimer trust is a trust funded by a disclaimer. It is frequently used to permit a surviving spouse to fund a credit shelter trust with that amount of property necessary to limit the size of the surviving spouse's estate to the Applicable exclusion amount.
A trust designed for the young couple who does not yet have assets needed to fund a by pass trust, but likely will in the future. Gives the surviving spouse the option to "disclaim" an amount of money which will then fund the by pass trust.