Earning the trust of a loved one over many years can sometimes mean accepting duties after the individual dies. When someone names you executor of one's estate, it is an honor. That typically means that the deceased placed great trust in you and believed you would follow the legacy he or she planned, as laid out in the will or estate plan. That places you in a position with a lot of responsibilities and scrutiny.
There are all sorts of trusts that people are able to set up in order to make sure their loved ones are able to receive their property once they pass away. For some people, unique situations require an even closer look at different types of trusts, such as those who have a loved one with a permanent mental or physical disability. For some people in this position, a supplemental needs trust, also known as a special needs trust, may be very beneficial. However, it is vital to look at the ins and outs of this type of trust beforehand.
After a motor vehicle crash, all sorts of questions may arise and a victim (as well as their family members) may be unsure about how life may change. Aside from the physical and emotional consequences of a crash, brought on by a debilitating injury or the loss of life, there are other ways motor vehicle collisions can turn lives upside down. For example, an estate plan such as a will or trust could be impacted by a traffic collision. If you were involved in a wreck or someone close to you was injured or killed in a crash, it is important to handle any estate-related matters appropriately.