What a Beneficiary Does—and Doesn't—Do After You're Gone
Passing It On: Estate Planning for Families · Michael Pevney
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Show Notes
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When someone passes away with a living trust, it's the trustee—not the beneficiary—who's in charge. In this episode, I break down the difference between being a trustee and a beneficiary, and why it matters for your estate plan. From distributing assets to paying debts and filing final tax returns, the trustee carries the legal responsibilities. I also explain why many people name a responsible adult child as both trustee and beneficiary, and what that really means in practice. If you're setting up or updating your revocable trust, this is a key concept to understand.
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