Navigating estate planning can be overwhelming, especially when trying to understand the differences between a will and a trust. This article breaks down each option, explains their differences, and clarifies when it might be necessary to have both. Whether you’re planning for the future or managing a loved one’s estate, this guide will help you…
How Do I Create a Trust? A trust is a strategic way to manage/protect your assets and their distribution after death. Trusts can offer significant advantages, such as avoiding probate, reducing estate taxes, and providing for minor children or beneficiaries with special needs. Here’s a step-by-step guide on how to create a trust: 1. Understand…