Both a will and a trust are legal documents that outline how you want your estate to be managed.
A will is a legal document that outlines how you would like your assets to be distributed after you pass away. It also includes instructions on how you would like to be cared for and who should take care of your children or pets. When creating a will, you assign an executor to carry out the terms and oversee the probate process, ensuring that your wishes are respected.
A trust, on the other hand, is a fiduciary arrangement that allows a third party to hold and direct the creator's assets in the trust fund. Trusts can provide peace of mind by protecting your assets and ensuring they are distributed according to your wishes. Trust are often chosen as an option as they may help avoid probate.
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