3 ms·
From what I know, there is no trust-specific tax deduction, but you can do more detailed tax planning, e.g. trust may release funds gradually instead of paying
by mynegation 14y ago
From what I know, there is no trust-specific tax deduction, but you can do more detailed tax planning, e.g. trust may release funds gradually instead of paying hefty lump sum tax on inherited assets.
Also, trusts allow for immediate access to funds upon death, avoiding lockup during probate process.