Both Wills and Trusts are part of estate planning. Wills plan for your property after death and are signed and witnessed. Similarly, a trust is also a plan for your property but can be executed during and after your lifetime. The benefits of a trust include:
Avoiding any probates
Planning for the possibility of incapacity
Controlling what happens to your property
Compatible with any sized estate
Preventing your estate from becoming a matter of public record
A living trust is more expensive initially than a will, but considering it can avoid court interference at incapacity and death, many people consider it to be a bargain. Many people also consider both a will and a trust to take care of their financial assets. Call Paul G. Minoletti, Esq. today to find out which is the better option for you or your loved one.