Estate Planning

Wills vs. trusts

Many families ask which of these two they need. This side-by-side comparison lays out the common differences so you can see what fits your situation.

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Side by side

How they compare

Placeholder comparison for layout. The final page will reflect your specific circumstances, since the right choice is not the same for everyone.

Consideration Will Living Trust
Probate Property in a will usually passes through probate. Property in a trust can often avoid probate.
Privacy Probate is a public process. A trust generally keeps matters private.
When it applies Takes effect after you pass. Works during your life and after.
Guardians for children A will names guardians for minor children. A trust does not name guardians on its own.
Setup Often simpler to put in place. Takes more setup, including moving assets into it.

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