When it comes to planning for the future, many people are unsure whether they need a will, a
trust, or both. These two legal tools often come up in conversations about estate planning, but
their purposes, benefits, and limitations can be confusing. At first glance, they might seem
similar. They both outline how your assets will be distributed after your passing. However, they
function in very different ways and are designed to meet specific needs. Choosing the right one
depends on your personal situation, goals, and the level of control you want over your estate.
Understanding the differences between wills and trusts is essential for making informed
decisions that align with your wishes and protect your loved ones.
Let’s explore what each of these tools offers, when to use them, and how they can work
together.