A possible advantage of setting up a trust is keeping away from estate taxes. Given that the trust is irrevocable and you simply relinquish Charge of it, it might lessen estate tax liability. But revocable trusts remain Element of the taxable estate. A revocable living trust also assures somebody can https://lawyer-2014-plan-b03482.pennywiki.com/5169950/an_unbiased_view_of_estate_planning_ontario_trusts