If some or your whole property bypasses your youngsters and goes directly to a grandchild, your estate could need to pay a tax referred to as the generation-skipping switch tax. Learn in regards to the duties and duties of a trustee and what needs to be done at the grantor’s incapacity and dying. Contrary to what you’ve probably heard, a will is probably not one of the best plan for you and your family. That is primarily because a will does not keep away from probate if you die.