Both a will and a living trust let you decide who receives your property, but they differ in cost, privacy, and how they are handled after death.
The core difference
A will must go through probate court. A living trust generally avoids probate entirely, saving your family time and expense.
When a simple will is enough
If your estate is small and straightforward, a will may be all you need. Larger estates and real estate owners usually benefit from a trust.
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