Will or Trust - What's the Difference?
Join Attorney Thomas B. Burton on this Estate Planning 101 Tutorial Series! Topic of this video - Will or Trust - What's the Difference?
Join me in the latest installation of my Estate Planning 101 series. This video is answering one of the most popular questions I get at my office. I decided it was time to sit down and answer this question in a comprehensive manner in a way that I can share with everyone via YouTube. So welcome to my class and my new series called "Estate Planning 101." Take out your pencils, settle in and join me for an exciting journey through the wonderful world of estate planning.
In this video, I will walk you through the major differences between using a Last Will and Testament or using a Trust as the "main vehicle" for passing your estate to your heirs after your death. I discuss the pros and cons of each method, and lay out for you the key differences between each type of plan. Ever wondered about various legal terms you hear tossed around like "probate" "avoiding probate, "revocable living trust" "intestate" and more? Watch this video to see these topics covered in detail. Subscribe to our channel and stay tuned for our next episode in the brand new Estate Planning 101 series, where each episode focuses on explaining complex estate planning topics in language that everyone can understand.