A possible benefit of setting up a trust is staying away from estate taxes. Provided that the trust is irrevocable and you also relinquish control of it, it could lessen estate tax liability. But revocable trusts remain part of the taxable estate. A revocable living trust also ensures anyone can https://gregoryxabaz.wikilowdown.com/7331493/an_unbiased_view_of_estate_planning_ontario_trusts