A possible advantage of setting up a trust is preventing estate taxes. So long as the trust is irrevocable and you relinquish Charge of it, it might lessen estate tax liability. But revocable trusts remain part of the taxable estate. A living trust is costlier and demands extra work to https://legalplansforsmallbusines69034.life-wiki.com/1962237/an_unbiased_view_of_estate_planning_ontario_trusts