It is possible to use either a “will” or a “trust” to direct property into the right hands following your death. While wills accomplish little more than that limited goal...
When does it make sense to ask a bank to serve as trustee or co-trustee of a family trust?
When does it make sense to ask a bank to serve as trustee or co-trustee of a family trust? The term family trust could refer to any trust whose intended beneficiaries are family members of the person who sets up the trust. That person is usually called the “settlor,” but the words grantor and trustor are also sometimes used.