A possible good thing about setting up a trust is keeping away from estate taxes. So long as the trust is irrevocable and also you relinquish control of it, it may lower estate tax liability. But revocable trusts are still Component of the taxable estate. Welcome to LegalClarity, the place https://beckettwzcdf.wikicorrespondent.com/6791509/qualified_personal_property_trust_an_overview