Do I need both a will and a trust?

Home Forums Estate Planning & Settlement Do I need both a will and a trust?

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  • #16404
    Danny BSurvived By Staff
    Participant

    Do families require both a will and a trust?

    #18408
    jami fjami f
    Participant

    A will is a long and not always easy process. Read all you need to know about it here

    #18605
    Patrick APatrick A
    Participant

    While it’s not always necessary for families to have both a will and a trust, many families choose to utilize both estate planning tools for added protection and flexibility. A will outlines your wishes for the distribution of your assets and appoints guardians for minor children, while a trust allows you to transfer assets to beneficiaries outside of probate, potentially reducing estate taxes and providing privacy. The decision to have both a will and a trust depends on your circumstances and goals, and it’s best to consult with an estate planning attorney to determine the most appropriate approach for your family.

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