Will Vs Trust Chart
Will Vs Trust Chart . Regardless of the size of your assets or the complexity of your financial situation, deciding whether to create a trust along with a will is an important decision that should be discussed with an estate planning attorney. And when you become incapacitated or die, the person you appoint as the successor trustee can easily step in. Budget Explainer: Highway Trust Fund (Frank Long) In other words, the trustee is either someone the trust maker appoints or the actual trust maker. A grantor is an individual who establishes a trust. A declaration regarding the management and distribution of the testator's assets after his demise is known as Will. A will is a written document that details an individual's wishes. A will lays out your wishes for after you die. Making Money Moves: IRA Transfers and Rollovers - Quest Trust Company Establishing Relationships