Wills & Trusts
A will goes into effect when you pass, whereas a trust immediately puts a plan into action while you’re alive. There are advantages and disadvantages to these two forms of estate planning tools. For example, a trust can pass on your property outside of probate, which means you don’t have to get the court involved. However, a will can outline funeral arrangements and dictate how taxes and debts are paid. Contact our financial advisors to learn more.