A potential advantage of setting up a trust is avoiding estate taxes. Assuming that the trust is irrevocable and also you relinquish Charge of it, it might lower estate tax liability. But revocable trusts are still Section of the taxable estate. A living trust is more expensive and needs a https://lorenzovcjpv.evawiki.com/10091746/an_unbiased_view_of_understanding_trust_and_estate_planning