What is the true difference between Wills and Trusts?

What is Power of Attorney?
What is an Advanced Directive?
What is the true difference between Wills and Trusts?
Conservatorship Basics
Guardianship Basics
What is an Income Cap Trust?
What is a Special Needs Trust?
What is Probate?
What are true Alternatives to Probate?
How do I protect from Financial Abuse?
Do I need a Will?
What about End of Life Decisions?

Wills enable an individual to decide who gets certain personal possessions and any real property they may own when they die. Dying without a Will, or intestate, can cause legal problems and potential conflicts for family members. Without a Will, assets could be distributed according to the applicable state law. Trusts are also sometimes created for estate planning. One primary advantage to a Trust is that it may avoid Probate (a court proceding).

There are several types of Trusts available, including a Living Trust. A Living Trust can be revocable or irrevocable. Trusts can be an important tool, especially in the case of a dependent or disabled child or adult.

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