A will is a legal document that outlines how you want your assets to be distributed after your death. It also allows you to name guardians for minor children and an executor to oversee the distribution process.
A trust, on the other hand, is a legal entity that holds and manages assets for the benefit of specific individuals or purposes. Unlike a will, a trust can take effect during your lifetime (a living trust) or after your death. Trusts can help avoid probate, provide more privacy, and allow for more detailed control over asset distribution.