bsmith@yourtrustdr.com
(949) 833-8891

Which is Better for You… A Will or a Trust?

29 Jul 2021
0

A revocable living trust can avoid probate and let you keep control of your assets while you are living- even if you become incapacitated. A properly designed estate plan will give you peace of mind.

 

  A Will                           VS                              A Trust

  • Does not provide direction or control in the event of incapacity
  • Prevents court control of your assets during incapacity
  • Becomes public record when probated
  • Provides maximum privacy and avoids probate at death
  • Is more easily contested by disgruntled heirs
  • Requires more work for disgruntled heirs to challenge
  • Probate provides an easy place for creditors to make claims against the estate
  • Creditors must initiate claim proceedings on their own
  • Is effective only upon death
  • Is effective immediately

 

We can help you to create your estate plan today. Call WBS (The Trust Doctor) at (949) 833-8891.

Print Friendly, PDF & Email

Leave a Reply

ASK A QUESTION

Recent Posts

PRESENTATION SAT MAR 30
18 Mar 2024
Bailey Irish
🍀☘️ Happy St. Patrick’s Day, everyone! ☘️🍀
15 Mar 2024
Some Assets Don’t Belong in Your Trust
29 Feb 2024
10.0W. Bailey Smith

Newsletter

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