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And plus there is the dreaded P word - PROBATE. There's no getting around it. A new person dies and leaves property in a Will, probate is the legal proceeding that must be used to lead to his or her legal and financial affairs. Greatest described for a court-supervised process by where assets are gathered, valued, and distributed according to your Testator's last wishes as mentioned in the need.
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The court case discussed in your next several paragraphs has been simplified. I've left the actual Trust Types mentioned, and all sorts of the citations to other court incidents. This is a common commercially available version in the place of complex and lengthy court battle.
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