Will vs. Trust: Deciding which is right for your estate
With the pandemic bearing down on our communities, more people are recognizing their own mortality, and with that, the desire to establish an estate plan has come to the fore. A common decision you will face when planning your estate is whether to establish a Will or a Revocable Trust. Both Wills and Revocable Trusts are devices that provide for the distribution of your estate upon your death. While most estate plans do not require a Revocable Trust, there are particular factors that could warrant trust planning. In order to determine whether a Will or a Revocable Trust is right for you, it is first necessary to understand the differences between them.
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by: Gina M. Barry