Between a trust agreement vs. a will, a lot of professionals would prefer the former. That is because a trust agreement has more advantages over a traditional will. Here are the reasons why: It's the perfect probate avoidance tool. Keeps private affairs out of public records so your beneficiaries creditors won't go after the properties you put under the trust. Distributing your assets in a family trust agreement helps reduce or minimize real estate taxes. The owner can continue managing their assets and make changes as they see fit. Using a trust to administer assets to minor beneficiaries ensures that the court does not get involved in the process. Specific types are available to the trustor, such as a financial trust agreement and a family trust agreement.