Attorney John Levy says that while many people believe a will is enough for estate planning, there are situations where a trust might be a better choice. Levy explains that a trust can help avoid the long and expensive probate process. This means your loved ones can access assets more quickly.
Trusts: offering flexibility and control
Levy says it’s important to understand both wills and trusts to make the best decision for your own situation. “Both have their place in estate planning, but a trust can often provide more flexibility and control,” he notes.
For more specific advice and to create a plan that fits your needs, it’s best to talk to a legal expert like Levy.
