The explanation concerning the [benefits and drawbacks] of having a living trust rather than a will was good and built the method basic. Transfers to an irrevocable trust are gifts to the beneficiaries. The grantor’s reward tax once-a-year exclusion or lifetime exemption may be used to stop present taxes, but https://estate-planning-trusts-an27147.wikicommunication.com/5802112/qualified_personal_property_trust_an_overview