When it comes to estate planning, most people are familiar with the concept of a will to distribute their assets after they pass away. However, a revocable trust offers some distinct advantages over a will.
While both a revocable trust and a will are both important tools within the realm of estate planning, a trust offers distinct advantages in terms of avoiding probate, maintaining privacy, retaining control over asset distribution, and providing protection in the event ofincapacity. It is worth consideration when creating your estate plan.