Either a Will or a Living Trust will pass your assets to your family at your death.  Both accomplish the job.  Both have pluses and minuses.  The most common “minus” cited for a Will is that a Will is probated whereas a Living Trust is not.  However, that is too simplistic an analysis.  It ignores the fact that the major portion of the work of a probate is not the court supervision of the process but rather the identification and selling of assets, the payment of debts, and the distribution of assets to the correct family members.  That also all has to be done when you have a Living Trust.  It is just done without the probate court supervising that it is done fairly and correctly.

 

(The above should not be construed as specific legal advice and is intended for general information purposes only)