A possible good thing about setting up a trust is staying away from estate taxes. Providing the trust is irrevocable and also you relinquish control of it, it might minimize estate tax liability. But revocable trusts are still Component of the taxable estate. By Christy Bieber, J.D. Information furnished on https://reidruvts.wikigdia.com/7572152/fascination_about_a_question_of_trust_q_and_a