Some people might deem estate planning as a complicated procedure as it necessitates the use of confusing legal terms and documents. The extreme involvement of complex jargon related to law can make it quite difficult for most people to grasp how the entire process actually works.
Therefore, we have prepared this mini-guide to assist you in preparing a will or establishing an estate plan for your children. We hope that this article will help clarify the differences between some of the most-commonly used terms in legal processes; testamentary guardians, trustees and executors. Here is a detailed explanation of the differences between each role and their responsibilities: