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 38 days ago
 Source: youngupstarts.com

What's The Difference Between A Will And A Trust? - Young Upstarts

Quick Summary

The probate court will transfer your property and assets to the named beneficiaries in your will after it has been deemed valid. A trust is an efficient and low-cost way to distribute money to people you care about and want to support. You can change the terms of the trust and move assets in and out of it at will. In an irrevocable trust, the trustee takes control of the money, assets, and property you have put into it. If you pass away, the money and assets in the trust does not go through probate.

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