WebWills don’t go into effect until you pass away, whereas a Trust is effective immediately upon signing and funding it. It may be easier to think of a Will as a “simple” document. Wills … WebOct 22, 2024 · Living trusts avoid probate, which is often part of their appeal. Probate is the legal process by which a will is accepted as genuine, creditors get paid and heirs receive assets to which they are entitled. With trusts, these functions are handled privately by a trustee. The question for you is whether probate is worth avoiding.
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