A living trust, for example, won’t help you reduce your estate taxes, says Drozdowski. Nor will it enable you to sidestep all legal fees, as there are costs involved in drawing up the document.

There are downsides to establishing a living trust. For example, with an irrevocable trust, the grantor gives up ownership and control over the assets assigned to it. For certain assets ...

For example, there have been plenty of instances ... Thankfully, the details of a living trust don't generally become part of the public record. This privacy alone makes some people prefer going ...

For example, you can add or delete beneficiaries over time, to make sure that the people inheriting your assets are the ones you want. Does a revocable (also called living) trust save you taxes?