A revocable living trust allows you to make changes or cancel the trust for the duration of your lifetime, provided that you are seem of intellect. Transfers to an irrevocable trust are gifts to the beneficiaries. The grantor’s present tax once-a-year exclusion or lifetime exemption can be utilized to avoid https://whatisactrust10987.blogripley.com/39852115/top-legal-general-high-income-trust-secrets