How does a living trust save taxes?
- 14 years ago
A living trust only saves taxes for couples, not single people and only if the trust is established before the death of the first spouse. The trust establishes a holding tank where at first death, the money of the deceased spouse goes into the holding tank and the money is available to the surviving spouse for their health, education, maintenance and support. [more info at www.CooperElderLaw.com]