Your Estate: Do You Need A Trust?
Many people believe that it is best to establish a revocable trust, also known as a living trust, in order to simplify their estate upon their passing. Although trusts can be extremely useful when used appropriately, establishing and funding a trust can be an expensive and time-consuming process. In addition, most estate plans do not require a trust for stated goals to be met. In order to determine whether a trust is right for you, it is first necessary to understand the difference between a will and a trust.
What a will does
Both wills and trusts are devices that you can use to provide for the distribution of your estate upon your death.
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by: Gina M. Barry