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Understanding the Key Terms of Wills and Trusts: A Focus on Trust and Will


will and trust document on table

If you're in the process of planning your estate, you've likely come across the terms "trust and will" or "will and trust." Understanding these terms is crucial for a smooth and effective estate planning journey. Let's delve into some of these key terms and their definitions.


Trust and Will

A trust is a legal arrangement where a person, known as the trustee, holds and manages assets for the benefit of others, called beneficiaries. A trust can manage various types of assets, including real estate, money, and personal belongings. On the other hand, a will is a legal document that expresses a person's wishes about how their estate should be distributed after they die. Both these tools serve different functions and can often work together in an estate plan.

At 299Trust.com, we offer an affordable and efficient way to create a complete estate plan, including a living trust and will, right from the comfort of your own home​1​.


Will and Trust Attorney Near Me

While the phrase "will and trust attorney near me" may be a common search term for those looking for legal advice, it's crucial to remember that 299Trust.com is not a law firm and does not provide legal advice. However, we do provide an accessible and user-friendly platform to create your estate plan and living trust in just five minutes​1​.


What's the Difference Between a Will and Trust?

One major difference between a will and trust is when they take effect. A will only takes effect after death, while a trust can take effect as soon as it is created.

A trust is also beneficial for maintaining privacy. Unlike a will, which becomes public after death, a trust keeps your assets, beneficiaries, and distribution plans away from the public eye, giving you a higher level of control over your estate​1​.

In conclusion, understanding the keywords and definitions related to wills and trusts is essential for effective estate planning. And with 299Trust.com, you get a straightforward and convenient way to secure your future.


Start your online estate planning journey with 299Trust.com today and experience the peace of mind that comes with a secured future

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