Do Living Trust Save Taxes?

Many people think that living trusts save taxes, this is not normally the case. A living trust has no impact on federal or state income taxes.

A living trust may contain the same estate tax-saving provisions as a will. As a result it is a viable option for many people. But utilizing a living trust instead of a tax-planned will is going to have no effect on your estate tax bill. This applies in most states, check yours to confirm.