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StockGoddess: "I thought a revocable living Trusts reduced taxes in that the money gets slowly distributed instead of one big chunk, keeping you out of the top brackets."

Possibly, but that would be income taxes, and income tax rates on income retained by the trust (not distributed to beneficiaries) are typically higher than individual rates. I was previously discussing federal estate tax.

Regards, JAFO

Disclaimer

Yes, I am a lawyer, BUT THIS IS NOT LEGAL ADVICE; it is only general information. NO CLIENT RELATIONSHIP IS INTENDED TO BE CREATED, NOR IS ANY SUCH RELATIONSHIP SO CREATED. FOR SPECIFIC LEGAL ADVICE YOU SHOULD TALK TO A LAWYER IN YOUR AREA.
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