That's precisely why the hubby and I wrote our will. To make sure our wishes for raising our daughter were spelled out in the unlikely event of our mutual demise. A lot of people don't do it because its unpleasant to think about the end of ones life, but when it comes to your kids you really need to have a will and a living will made out so that there is no question about what you would want in your final hours and when you pass. Its not about "leaving" anything to anybody.
Our living will discloses IN DETAIL what measures we want taken should we be incapacitated. We've also added a portion about our wishes about funeral and burial. Our will, like I mentioned above, spells out who gets our daughter (and any future children) when and why.
This is something you really NEED to do in addition to all the other "unpleasant but necessary" items like life insurance and such.
Trusts were cooperative organizations consisting of companies working within the same market. By forming a trust, the companies could agree upon various sides of their operation, like the price of their product, how much to produce and so on. For example they could agree to reduce production in order to increase demand. Trusts would dominate their given market (say for example the trade in bananas), and effectively crush anyone trying to operate outside of the rules of the trust by for instance dumping prices. Trusts in this form are illegal in most countries, as they undermine the concept of free competition.
On of the most famous examples of a trust is Standard Oil, run by John D. Rockefeller from 1870 until it was forced to break up by the US Supreme Court in 1911.The case of Standard Oil played a key part in inspiring the first anit-trust law in the US, a law which was soon copied in Europe.
Cartels are pretty much the same thing.
See Wikipedia for mor info: