How To Choose Between A Trust And A Will
In estate planning, a will and a trust allow you to control how your assets are distributed after you die. However, they are different legal documents that serve different purposes.
In estate planning, a will and a trust allow you to control how your assets are distributed after you die. However, they are different legal documents that serve different purposes.
There are several possibilities for bequeathing property to a loved one. A Will could, for example, provide for the inheritance of your house to your child. Alternatively, you might establish a Trust and finance it with your residence and other assets. Beneficiary deeds are another alternative for transferring property to heirs.