When you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs - collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate records, and generally keep things organized and in good order.

Let's explore some key life events that necessitate an immediate update to your estate plan.

If you are preparing to receive an inheritance, there are several steps you can take to ensure that your funds will last longer than a few ye