Will the Heirs that you choose really be the ones to receive the assets that you direct?
How will you be sure when you can not function in a lead capacity? This is the advantage of a corporate Trustee over your Trust Assets. Setting up a Trust vehicle to hold and disperse estate assets before or after your passing can ensure that only those named Beneficiaries will receive the designated property. As you may know, through a will all known heirs will have a claim to the spoils of the estate after all debts are paid. Worse yet, if you die intestate, the Probate Court will decide who can be recognized as a per stirpes heir to be granted a cut of pie and if minor children are involved, who would be granted custody. As you can see, when sizable estates are involved, things can get very messy very quickly.