Naming an executor is not a job to be taken lightly. Depending on the size of your estate, the responsibilities this person must eventually undertake could be relatively light, but those obligations could also be complex and therefore quite time-consuming. When you die, the distribution of your assets might take two years or longer due to the amount of work involved.
Guardianship should be considered when a family member or loved one lacks the ability to think clearly, and is unable to make rational, clear-headed decisions about their health care, finances or other aspects of life.
If you choose to leave your assets and wealth in the form of a trust when you pass on, you may be able to protect it and keep it private. Many people create a trust before dying, and all their assets go into the trust upon death. Specific instructions are written up about how the wealth should be distributed, and they must be followed. The person or people receiving the benefits of the trust are called trustees.