A potential good thing about setting up a trust is keeping away from estate taxes. Providing the trust is irrevocable and you relinquish Charge of it, it may well reduce estate tax liability. But revocable trusts remain A part of the taxable estate. Welcome to LegalClarity, where our staff of https://legalplansforindividuals30617.wiki-cms.com/8133384/trusts_and_estate_planning_for_dummies