A possible advantage of setting up a trust is preventing estate taxes. Providing the trust is irrevocable so you relinquish control of it, it might cut down estate tax liability. But revocable trusts remain Element of the taxable estate. Once they go absent, a successor trustee named within the trust https://what-is-a-b-trust63849.sunderwiki.com/2015399/trusts_and_estate_planning_for_dummies