Don’t Make a Mistake! Discover Which One is Better: Wills or Trusts
Wills and trusts are two essential estate planning tools that serve distinct purposes. While both documents allow individuals to dictate how their assets will be distributed after their death, they operate differently and offer different benefits. The following are the key differences between wills and trusts, highlighting their functions, advantages, and limitations. Wills: The Basics: A legal document known as a will or last will and testament is used to express a person’s final wishes …