Wills and trusts are vital components of good estate planning. Although both share the ultimate goal of distributing property, each has its own unique advantages and disadvantages.
There is no time like the present to address what will happen to your family when you die or become incapacitated and unable to manage your own affairs. The decisions you make today will make the lives of the people you care for easier by protecting the assets from creditors or divorces, and providing financial security after your passing.