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Wills vs. Trusts

Key Differences Between Wills and Trusts

Wills and Trusts are both important estate-planning tools, but they differ in important ways. First, a Trust is activated when the grantor signs it. A Will does not go into effect until the testator. Upon your death, your Will goes through probate, and a Trust does not. A Will is where you name guardianship of any minor children, plus share any funeral or memorial plans or requests.

Wills vs. trusts

 

Trusts vs. Wills

Names Child Guardian   

Can be Court Challenged

Probate Court

Rules Around Inheritance

Active Upon Signing

Can Be Reversed

Private or Public Record

Trusts

No

Not Usually

No

Yes

Yes

If Revocable

Private

Wills

Yes

Yes

Yes

No

No

Yes

Public

 

Wills and Trusts FAQs

What is Better, a Will, or a Trust?

A Trust will streamline the process of transferring an estate after you die while avoiding a lengthy and potentially costly period of probate. However, if you have minor children, creating a Will that names a guardian is critical to protecting both the minors and any inheritance. Deciding between a will or a trust is a personal choice.  At the Law Offices of Lawrence H. Nemirow, we recommend having both a Trust and a Will.

The Law Offices of Lawrence H. Nemirow will guide you every step in the way to making a decision that is best for you and your family.

Contact me Today

The Law Offices of Lawrence H. Nemirow is committed to answering your questions about estate & probate, business law, and insurance law issues in Los Angeles County and Orange County.

I'll gladly discuss your case with you at your convenience. Contact me today to schedule an appointment.

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