The other replies addressed the CST but while you're considering options
I suggest you consider a Living Trust that will enable the survivor to
avoid the costs of probate of the deceased's assets.

Each of your wills needs to have CST provisions because you don't know
who's going to die first. The trust serves to utilize your individual
estate tax exemption amount when the first of you passes. At the
second death, the CST is a moot point for tax purposes: that person's
exemption applies whether or not property passes into a separate
trust.

On Sat, 5 Nov 2005 11:32:30 -0600, "bboc" <cobbg[at]frontiernet.netwrote:

- quote -

Given the total amounts of your assets, to take full advantage of credits
and allowances, you both could use one.

"bboc" <cobbg[at]frontiernet.net> wrote in message
news:1131203934.598701.102520[at]f14g2000cwb.googlegroups.com...
- quote -

My wife & I are confused on a couple of points. Are we both required
to set up Credit Shelter Trusts in our Wills - or can just one of us do
this ? And, assuming I set this up in my Will, I understand the
Trust is created if I die first - but, if my wife dies first, is the
Trust also created? Or, can I then distribute my assets differently
than if I die first / thru the Trust?