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Setting up a living trust is perhaps the best ways to transfer your estate to another entity, but exactly do they work? A man that puts their property into the living trust is named the trustor. He trustee is the specific that manages the assets and property. And of course, the individual or entity that receives some great benefits from a living trust is named the assignee. Most of the time, the trustor plays the role of both trustee and trustor.

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Not telling where maintain the will: Only have ONE COPY of the will that may be properly executed with signatures. Keep unsigned copies for your personal records. DON'T keep the signed copy in a bank safe deposit box, which might be sealed and a death.

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