A Possible advantage of setting up a trust is preventing estate taxes. Providing the trust is irrevocable and you simply relinquish Charge of it, it may well minimize estate tax legal responsibility. But revocable trusts remain Section of the taxable estate. By Christy Bieber, J.D. Information delivered on Forbes Advisor https://estate-trust-planning-sof73726.wikibuysell.com/2248797/creating_a_legal_trust_options