Author Archives for Janet X

Family Trust Basics: What Is An Estate Plan?


Estate planning involves considering how assets are to be passed from one generation to the next. The usual components of an estate plan are Wills and Memoranda of Wishes. A Will is a document that deals with an individual’s personal estate upon death. A Memorandum of Wishes is a letter written to Trustees of the Trust to describe how assets are to be dealt with within the Trust.