With A Will, Your Beneficiaries Inherit Your Assets Outright. They Will Have Full Ownership Of Whatever They Inherit, And They Are Free To Spend Or Sell The Assets Whenever They Want. With A Trust, The Beneficiary Only Has Limited Access To Their Inheritance. Depending On How The Trust Is Set Up, They May Inherit Fully When They Come Of Age Or Turn 25 Or 30, Whatever You Decide. You Can Also Set Up A Trust To Dispense An Income To Your Dependents Without Giving Them Full Control Over The Assets Inside The Trust Fund.