GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Compounding these emotional issues are the basic challenges of where and how you get started.
However, there are some key differences you must be aware of.
Understanding which option is right for you might not seem as simple.
Fortunately, GOBankingRates talked to an expert who canparse things down for you.
Its a pretty significant difference that usually helps tailor Perlsons advice to his clients.
Trusts allow you to appoint a trustee to manage the trust assets for your benefit or as you direct.
Wills are generally simpler, and less expensive, to create than a trust.
That said, preparing a will isnt all smooth sailing.
Wills must go through the probate process, which involves the court overseeing distribution of your assets.
He added that people with a desire for privacy or significant assets are better candidates for trusts.
But when in doubt, it never hurts to consult an expert.
More From GOBankingRates
Share This Article:
