A Potential advantage of setting up a trust is steering clear of estate taxes. So long as the trust is irrevocable so you relinquish Charge of it, it might minimize estate tax legal responsibility. But revocable trusts remain Element of the taxable estate. By Christy Bieber, J.D. Information offered on https://orangebookmarks.com/story21266218/the-5-second-trick-for-form-h-for-trust