Trusts were once the cornerstone of most estate plans, due largely to tax planning when the estate tax applied to estates of $1,000,000 or less. Now, where a person can leave more than $11,000,000 free of estate tax (updated for 2018), Trusts are not always necessary. However, Trusts still provide a great degree of flexibility and long term control that simply cannot be matched by a Will alone.
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