[FrdmLvr]

My parent put three homes and their IRAs and other investments into a revocable trust. We put out home and investments in a revocable trust for our kids, too. It’s our property. We are solidly middle class.

[tlozo]

My parent put three homes and their IRAs and other investments into a revocable trust. We put out home and investments in a revocable trust for our kids, too. It’s our property

"While revocable trusts are transparent from a tax perspective and have essentially no benefits when it comes to avoiding inheritance tax, irrevocable trusts can be used to eliminate estate taxes."

https://finance.zacks.com/long-must-trust-place-avoid-inheritance-tax-11396.html