A revocable trust helps with estate planning, and can serve as a management tool for those who are in ill or declining health. Click to read more about the nature and benefits of revocable trusts!
The unique benefits of a trust can provide for loved ones, avoid conflict, leave a legacy, preserve memories, and ease burdens on others.
These two estate planning tools each distribute your assets when you die, but there are some key differences between a will and a trust.
The best way to know if you need a trust is to learn what it is, how it works, and what it’s benefits and limitations are.
The short answer is yes: you do need a will, even if you have a trust. To explain why, let’s do a quick review of trusts and how they operate.