Are You Confused About the Difference Between a Will and A Trust - And Which Is Better?
Many estate plans have both a will and a trust - and even multiple trusts. Some people think if you have a will, you don’t need a trust. Every person should have a will to protect their loved ones after they are gone. But every person’s situation is not the same, and different people need different legal documents to meet their goals. Wills and Trusts - which one is better for you?
WATCH: Gwinnett County Estate Planning Attorney Jammie Taire Explains the Difference Between a Will and a Trust
f you need help with creating an estate plan to protect your loved ones after you are gone, contact your trusted legal partner, the team at SmithTaire Legal. Our virtual office is open and we can help you via telephone, email, FaceTime, Zoom, DocuSign and other tools.
Schedule an appointment with us today at 678-253-8133 to discuss your situation.
Transcript
Hello, my name is Jammie Taire, and I’m an estate planning attorney. I am the owner of SmithTaire Legal. Today, I’m going to talk to you about the difference between a trust and a will. This is one of the primary questions that comes to my office.
The main difference between a will and a trust is that a trust allows you to avoid probate. When most people come to me they are trying to avoid the probate process. In Georgia the probate process isn’t particularly difficult. However, if you wish to avoid probate and spare yourself, your loved ones, that process then you need to do a trust.
The second difference between a will and a trust is that the trust is private. As you heard me say earlier, a will goes through probate. A trust does not go through probate so no one has to know what is in your trust.
And another difference between a will and a trust is with a will you have the ability to name a guardian. So if you have minor children, you may consider doing a will as well.
If you’d like additional information on which option is best for you, please give me a call at 678-253-8133 to schedule a consultation.