Estate Planning 101 (Part 1)
- Wills and Trusts are useful Estate Planning tools, but each serves a different purpose.
- A Will is useful for outlining your wishes, but the amount of protection it provides can be incomplete.
- A Revocable Living Trust (as opposed to a Will) can help ensure that your Estate avoids lengthy and costly probate measures.
- A Trust can administer assets for minor beneficiaries without court intervention, while also providing useful protection against creditors.