A trust fund is a legal entity that holds assets on behalf of a beneficiary or beneficiaries. It is created by a grantor who transfers assets to the trust, and is managed by a trustee who has a fiduciary duty to act in the best interests of the beneficiaries. Trusts can be set up for a..

When someone passes away, their estate must go through a legal process known as probate. This process involves identifying and valuing the deceased person's assets, paying off any debts, and distributing the remaining assets to the beneficiaries named in the will or according to state law..

Death is an inevitable part of life, and it is essential to plan for what happens to your assets after you pass away. A will is a legal document that outlines your wishes for the distribution of your assets, but not everyone creates one. If you die without a will, your possessions will be..

When a person passes away, their assets and liabilities need to be distributed and settled. A will executor, also known as a personal representative, is appointed to carry out the instructions of the deceased as outlined in their last will and testament. The executor plays a crucial role in..