Yes. Trusts pay taxes once they become irrevocable. If you have a living trust, while you are alive, there is no difference as far as the IRS is concerned between you as an individual and the trust.
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Most estate plans are centered around either a will or a trust. For most people in California and either own a home or have children, plan is built around a revocable living trust. But that is not the only estate planning document. There are several documents that are in effect while somebody is still alive: such as an Advance Healthcare Directive and a Financial Power of Attorney
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