What happens to a family trust in probate? It’s not easy to understand it, as we don’t encounter this thing every day. So for clarity, let’s define two terms – family trust and probate. A family member can establish a family trust to benefit his family members, who are related by law, affinity or blood. Typically, it’s created as a tool stating the passing of the assets to future family generations, too. The term family refers to the grantor, his/her spouse, grandparents and children, and so on. All members of the same family are the beneficiaries of a…
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