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State Law in reference to a Revocable Living Trust

by | Aug 23, 2010 | Advance Directive in Salem, OR, Trusts

Question:
When I use a Revocable Living Trust do I have to choose the state I am currently living in for administering my estate?

Answer:
No. You can use a Revocable Living Trust to choose the state for administering your estate. The state for your Trust can be different from the state where you live. This can enable you to select a state that has laws that are most favorable to you for income tax and inheritance tax purposes.