Understand the Difference Between Wills and Trusts

Understand the Difference Between Wills and Trusts

Let attorney Matricciani answer your questions in Owings Mills, MD

Are you ready to start planning for your family’s future? Now’s the time to start thinking about creating wills and trusts to make your wishes clear.

But what’s the difference between a will and a trust? Wills have to be probated—the distribution of assets is overseen by the court. Establishing a trust helps your loved ones avoid probate. Trusts also make it easy to address specific concerns, such as caring for children with special needs or pets.

Call The Matricciani Law Firm LLC today. Attorney Matricciani can answer any questions you have about wills and trusts in Owings Mills, MD.

Benefits of establishing a trust

A living trust divides your assets among your chosen beneficiaries. But how do you know if establishing a living trust is the best option for you? Here are three reasons to establish a living trust today:

  1. Unlike a will, a living trust can go into effect during your lifetime.
  2. Your loved ones can take over your estate if you become ill or incapacitated.
  3. A living trust allows your beneficiaries to avoid the probate process.

If you want to learn more about the benefits of establishing a trust, contact The Matricciani Law Firm in Owings Mills, MD today. Attorney Matricciani can help you make the right choice for your family.