Everyone has heard the terms "will" and "trust," but not everyone knows the
differences between the two. Both are useful estate planning devices that serve ...
Wills and living trusts perform almost the same function: specifying who gets each
of your assets when you die. Just about everyone will benefit by having one or ...
May 13, 2015 ... "You can't take it with you when you go." Familiar, isn't it? While this statement is
true, ... (For a background understanding of this process, see article: Estate
Planning: Estate Planning Basics.) For the purposes of this article, we ...
In essence, both wills and living trusts are designed to do the same thing – to
pass ... Therefore, you need to fully understand these differences in order to
Sep 15, 2010 ... In addition to being one of several ways to avoid probate—the legal process to
determine whether a will is valid—living trusts may offer ...
Contrary to what you've probably heard, a will may not be the best plan for you
and your family. That's primarily because a will does not avoid probate when you
from Understanding Trusts and Estates, Third Edition, by Roger W. Andersen, ...
of the probate system for transferring decedents' property, we will examine.
A trust does not replace a will. Most trusts deal only with specific assets, such as
life insurance or a piece of property, while a will governs distribution of nearly ...
These documents indicate who will make important decisions for us in the future.
For this reason, understanding how wills and trusts work is extremely important.
Wills and Trusts Kit For Dummies. 0470283718. ... Dummies has always stood for
taking on complex concepts and making them easy to understand. Dummies ...