setting up an estate

[Unregistered]

Individual dies--has property and heirs would like to set up a trust.
what is basically involved in this.

Getting an ID # and transfering title to trust name????

[Bees Knees]

I'm not sure why the heirs would like to set up a trust after the fact. I think you need to see an attorney that deals with estate planning issues before going out and setting something up that will just cause you all kinds of paperwork hassles.

[ED SMITH]

Estate or Trust?

You titled your posting "Setting up an estate" and then go on to talk about setting up a trust. Which is it?

If the person died, whatever assets he had are his estate. If the heirs want to set up a trust, what is their purpose, as that would determine what type of trust is to be established. Perhaps the deceased left a will instructing that a testamentary trust be established.

A lot more info is needed for clarification.

ED