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Whats the Difference Between a Will and a Trust? – Online College Magazine

A copy of your trust and your will should be kept in a an archive. A will, which you compose to decide who is the beneficiary the estate when you pass away, is what you make. A executor is responsible for planning your memorial or funeral ceremony. You have the option to write in your will what you want executed for your funeral. This could include where the ashes are spread, how you’d like them to be buried , and the place where the funeral service will be. The will can also identify your preferred guardian of your children.
The best way to prevent probate is by creating a trust or revocable trust. Trusts determine who will take possession of which property. Trusts, much like a will permits you to split the assets you own after you’re gone. There is a trustee who oversees your cash in property, as well as how it’s distributed. When you’re creating wills and trusts, it’s basically creating a plan for how you will distribute your wealth. Trusts protect your assets and your loved ones from the probate process. This is the major distinction between wills and trusts. 4632izcvkd.

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