Wills vs. Trusts—which is right for you?
One of the most common decisions 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 you can use to provide for the distribution of your estate upon your death, and most estate plans do not require a revocable trust for stated goals to be met. 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.
by: Gina M. Barry