decedent trusts

A decedent trust is a legal arrangement created from a person's estate after they pass away. It holds and manages assets for beneficiaries according to instructions set out in the trust document. Typically, a person establishes this type of trust during their lifetime or through a will, ensuring assets are transferred smoothly without going through the probate process. Decedent trusts can help with estate planning, reduce taxes, and maintain privacy. After the original owner’s death, a designated trustee manages the trust and distributes the assets to beneficiaries as specified.