What is a Will & Trust

What Is a Will?

A Will is a legal document that explains:

• Who will receive your property and belongings

• Who will care for your minor children

• Who will handle your affairs after you pass away (your executor)

A Will only takes effect after you pass away. It must go through a legal process called probate, where the court reviews and approves it.

A Will is important because it ensures your wishes are followed and prevents confusion or conflict among family members.

What Is a Trust?

A Trust is a legal arrangement that allows you to place your assets (money, property, investments, etc.) under the management of a trustee. The trustee manages those assets for your benefit or for the benefit of your chosen heirs.

A Trust can take effect while you are still alive, and it can continue after your passing.

Benefits of a Trust include:

• Avoiding probate (saving time and money)

• Keeping your financial matters private

• Protecting your assets

• Ensuring your heirs receive their inheritance smoothly

• Allowing you to set rules (for example, when children can access funds)

Trusts are especially helpful for families with property, businesses, or special circumstances.

Why These Documents Matter

Having a Will and/or Trust in place:

• Protects your family

• Ensures your wishes are honored

• Prevents legal battles

• Makes the transition easier for your loved ones

• Gives you peace of mind

Whether you have a small estate or a large one, these documents help you stay in control of your legacy.