People who are creating an estate plan will sometimes decide that they are going to include trusts in that plan so that they can transfer assets over to their heirs more easily. This often comes with many benefits, including easy transfer and the ability to protect both the beneficiary and assets, depending on the type of trust.
The legalese in estate plans can sometimes make them difficult to interpret. Still, if you are the estate administrator, you need to understand what's going on so you can ensure that the decedent's wishes are followed. It isn't always easy to carry out the administrative duties, so we are here to help you understand the estate plan's instructions and your specific duties. To avoid legal repercussions, it is important to get everything done the proper way from the start.