-Will: A legal document that outlines how a person’s assets and affairs will be handled after their death.  It only takes effect upon death and is subject to probate.

-Trust: A legal arrangement where a trustee holds and manages assets on behalf of beneficiaries.  Trusts can take effect during a person’s lifetime or after their death.  There are many times of trusts such as Living of Revocable Trusts, Irrevocable Trusts, and Special Needs Trusts.

-Will: Generally, must go through probate, a court process that validates the will and oversees the distribution of assets.  This can be…

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