What is a survivor's trust?

A survivor’s trust is an estate planning tool that is used to provide for family members who are still alive after the death of a loved one. In Washington, survivor’s trusts are often used to protect the assets of elderly people who are no longer able to manage their own affairs. The survivor’s trust is established by the deceased person’s will and is overseen by a trustee. This trustee has the responsibility to manage the trust assets and distribute them to the intended beneficiaries. The trust assets usually include property, investments, savings, and other financial assets. The trust helps ensure that the assets are managed well and that the beneficiaries receive their intended share of the assets without any unnecessary delays. In Washington, survivor’s trusts may also provide for the continued care of elderly persons. This could include provisions for medical expenses, nursing home care, assisted living expenses, or specialized care needs. The trust could also be designed to pay for the funeral and burial expenses of the deceased. The survivor’s trust can provide security to the surviving family members and help ensure that the deceased’s wishes are carried out in accordance with the law. In Washington, it is important to consult with an attorney who specializes in elder law so that the survivor’s trust is designed properly and meets all of the legal requirements.

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What is a survivor's trust?

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