In the simplest of terms a Last Will and Testament (often referred to as a “Will”) is a legal document that allows someone to name beneficiaries who will inherit the assets they own after death.

A Trust on the other hand is a legal arrangement that appoints someone to manage and control assets (a Trustee).

The biggest differences are:

1. A Will takes effect after someone passes away whereas a Trust takes effect immediately upon signing and funding.

2. A Will has to go through Probate for beneficiaries to get the assets whereas a Trust does not.

Visit our Contact Us page to schedule a 15-minute consultation and learn more about how Brett Legal can help you with your estate planning.