When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

One of those routes is a living trust. While a living trust won't be the go-to for everyone, there are a handful of reasons to consider using one -- including the three discussed below.

The usual living trust you form for estate planning doesn’t help, since the grantor must include the income on his return. They seek to wall off assets from California’s 13.3% tax rate via a ...