A possible advantage of setting up a trust is avoiding estate taxes. Given that the trust is irrevocable so you relinquish Charge of it, it may lower estate tax legal responsibility. But revocable trusts are still Section of the taxable estate. A revocable living trust also makes sure another person https://form-a-trust-online-with98481.wikirecognition.com/2032174/top_guidelines_of_trust_or_llc_for_estate_planning