An estate plan encompasses several essential documents, including a trust, that helps protect you in life and your legacy once you have passed away.
A will is typically insufficient to adequately protect your assets from the four-headed monster. It cannot address what will happen due to incapacitation. A will leads to probate court.
This could cost money and time for your loved ones. In addition, your legacy may then be subject to taxes and creditors. Plus, there is always the concern of nursing home costs due to incapacitation that a will won’t be able to address.
Watch my YouTube video “The difference between a Will and an Estate Plan” to learn more.