Decision Making

How do I decide between a will and a trust for my estate plan?

The choice depends on your assets, family situation, and privacy preferences. Wills go through probate court and become public records, while trusts can help assets avoid probate and remain private. Trusts also allow you to specify detailed instructions for asset distribution and can provide ongoing management if beneficiaries are minors or need assistance. Consider your estate's complexity, whether you own real estate in multiple states, and your family's specific needs when making this decision.