A Quick & Simple Reference Guide to the Difference Between Wills & Trusts - Gilbert, Arizona

A Quick & Simple Reference Guide to the Difference Between Wills & Trusts

 

Are you confused about the differences between a will and a trust?  If so, you are not alone. While it is always wise to contact an attorney to assist you in your estate planning, it is also important to understand the basics. Here’s a quick and simple reference guide to the difference between wills and trusts:

What Revocable Living Trusts Can Do – That Wills Don’t

 

                       

 

                       

What Wills Can Do – That Revocable Living Trusts Can’t                     

                                   

 

What Both Wills & Trusts Can Do:

 

WARNING: There is such as a thing as an irrevocable trust, which can only be changed under certain circumstances, using very specific methods.

 

 

 

 

 

While some of the differences between wills and trusts are subtle; others are not. Together, we’ll take a look at your goals as well as your financial and family situation and design an estate plan tailored to your needs. Visit our website or call us today to set up a free 30 minute consultation to further expand on what you now know from a quick and simple reference guide to the difference between wills and trusts so we can ensure your wishes are honored and your legacy protected.