What is the Difference Between a Will and a Trust?

Herbert Law Office20 Dec, 2024Legal

A will and a trust are both estate planning tools, but they serve different purposes. A will outlines how your assets will be distributed after your death, but it only takes effect once you pass away and goes through probate, which can be time-consuming and costly. A trust, on the other hand, allows you to transfer assets during your lifetime or after death without going through probate. Read the full blog for more details!