Five Major Differences Between These Important Estate Planning Documents
As an estate planning attorney, I have learned that clients are often confused about the difference between trusts and wills. Some common types of trusts, mainly revocable living trusts, are often used as “will substitutes,” designed to accomplish virtually the same goal as a will. However, the two documents should not be confused, as they function in very different manners. In this article, we highlight the five most important differences between wills and trusts.
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