Tag: estate tax

Trust is known as a legal structure. It is where trustees effectively manage the assets on behalf of the beneficiaries. Some of the people decide on setting up a revocable trust and getting revocable trust tax id. It manages until you are alive but upon death, it manages by the other trustees. They are the ones who will be appointed like the children or the grandchildren. With this, it helps to simplify the inheritance. It also saves the heirs’ money...

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