Will

The legal document completed in accordance with state law that states how your assets will be distributed on your death, appoints an executor for your estate, may establish trusts for your children and name a trustee for those trusts, names guardians for your children, and so forth. When planning for a QPRT, if the remainder beneficiaries are limited to adult children, a make-up provision is often provided for, under the grantor’s will, the issue of any deceased child (or even a child who is a minor).