
Common Misconceptions About Revocable Trusts
Revocable trusts are popular tools in estate planning, but they’re often misunderstood. Clearing up common misconceptions can help you make informed decisions about your future. Myth 1: Revocable Trusts Avoid All Taxes Many people assume that setting up a revocable trust eliminates estate and income taxes. In reality, a revocable trust does not provide tax