A potential advantage of setting up a trust is avoiding estate taxes. Assuming that the trust is irrevocable and you relinquish control of it, it may decrease estate tax liability. But revocable trusts remain A part of the taxable estate. By Christy Bieber, J.D. Information delivered on Forbes Advisor is https://bookmarkinglive.com/story21595987/everything-about-best-legal-plans-for-individuals