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 ...
People often get confused between wills and trusts because they know they both
have something to do with giving your assets to other people, but these two ...
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 ...
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
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 ...
from Understanding Trusts and Estates, Third Edition, by Roger W. Andersen, ...
of the probate system for transferring decedents' property, we will examine.
Rarely is information regarding the choice of wills or trusts presented in a fair and
... Therefore, you need to fully understand these differences in order to decide ...
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 ...
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.
Learn about wills, trusts, probate and more. ... Understand what your estate plan
should include, decide what products suit your needs, or when you might be ...