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One of the most common questions, and an area of much misunderstanding, involves the difference between a Trust and a Will. I have not addressed the subject in some time, so doing so again seems appropriate.

I will begin with an explanation of Wills since people seem to have a better idea of the concept of a Will. Trusts (for estate planning purposes) are probably best understood in comparison with Wills.

What is a Will?

A Will is a testamentary document, meaning that it will take effect upon the death of the person who executed it. A Will is designed

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