A possible good thing about setting up a trust is averting estate taxes. Assuming that the trust is irrevocable and you also relinquish control of it, it may cut down estate tax legal responsibility. But revocable trusts are still Element of the taxable estate. Transfers to an irrevocable trust are https://remingtongnuah.salesmanwiki.com/10135818/trusts_and_estate_planning_for_dummies