This article is general education, not individual financial, insurance, legal, or tax advice. Your needs and applicable rules may differ.
What a will does
A will generally directs probate assets and may nominate guardians for minor children, subject to court approval and local law. It does not automatically control every account.
An attorney can explain execution and probate requirements in your state.
What a trust can do
A trust may set terms for holding or distributing assets. It must be properly drafted and funded to govern assets intended for it.
Trusts have costs and administrative responsibilities; they are not automatically necessary for everyone.
How they fit together
Many plans use a will, beneficiary designations, powers of attorney, and sometimes trusts. The documents must align.
Discuss your family, assets, and goals with local estate counsel before deciding.
Explore the full guide
The Family Estate Planning Guide
