A potential advantage of setting up a trust is avoiding estate taxes. Given that the trust is irrevocable and you relinquish Charge of it, it could lessen estate tax liability. But revocable trusts remain Section of the taxable estate. After they move away, a successor trustee named while in the https://trust-estate-planning-sof28269.webbuzzfeed.com/38961263/the-5-second-trick-for-form-h-for-trust