A possible advantage of setting up a trust is averting estate taxes. So long as the trust is irrevocable and you simply relinquish control of it, it may well cut down estate tax legal responsibility. But revocable trusts are still part of the taxable estate. By Christy Bieber, J.D. Information https://manuelcwnds.wikikarts.com/1905701/creating_a_legal_trust_options