A possible benefit of setting up a trust is preventing estate taxes. Given that the trust is irrevocable and you also relinquish Charge of it, it may well decrease estate tax liability. But revocable trusts remain Portion of the taxable estate. If the aims tend to be more straightforward, LegalTemplates https://trusted-legal-partners74050.thezenweb.com/what-does-estate-planning-trusts-and-wills-online-mean-77578810