A potential advantage of setting up a trust is keeping away from estate taxes. As long as the trust is irrevocable therefore you relinquish control of it, it could lower estate tax liability. But revocable trusts are still Element of the taxable estate. Transfers to an irrevocable trust are gifts https://judahvqkew.blogdosaga.com/38507274/fascination-about-a-question-of-trust-q-and-a