A potential good thing about setting up a trust is averting estate taxes. As long as the trust is irrevocable and you simply relinquish control of it, it might decrease estate tax legal responsibility. But revocable trusts are still Portion of the taxable estate. A living trust is costlier and https://lawyer-2014-plan-b54961.wannawiki.com/1027320/qualified_personal_property_trust_an_overview