-What does "E" represent on the diagram?
Definitions:
Remainderman
The person or entity entitled to receive the remainder of an estate or trust once all prior obligations or life estates are satisfied.
Credit Shelter Trust
A legal arrangement allowing a person to bequeath an amount under the estate tax exemption to beneficiaries other than their spouse, minimizing estate taxes.
Federal Income Tax
The tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Taxable Estate
The total value of an individual's estate that is subject to federal estate taxation upon their death.
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