A potential good thing about setting up a trust is keeping away from estate taxes. Given that the trust is irrevocable so you relinquish control of it, it could lessen estate tax legal responsibility. But revocable trusts are still Portion of the taxable estate. Trusts are divided into two principal https://trustestateplanningsoftwa15702.spintheblog.com/38988773/trusts-and-financial-planning-an-overview