What is the difference between a Will and Trust?
Posted on February 17, 2015
A Will takes effect after you pass away. Generally speaking, if your estate is valued at over $150,000 or you own real estate in California and you have only a Will, your estate will to go through Probate. A Living Trust is the type of Trust that most people have. A Living Trust is created during the lifetime of the Trust-maker and if the Living Trust is properly funded will avoid Probate upon the death of the Trust-maker.
Warning: Use of undefined constant comment_notes_after - assumed 'comment_notes_after' (this will throw an Error in a future version of PHP) in /home/lawoffm1/public_html/colintsmithlaw/wp-content/themes/cts/comments.php on line 54
Warning: Use of undefined constant comment_field - assumed 'comment_field' (this will throw an Error in a future version of PHP) in /home/lawoffm1/public_html/colintsmithlaw/wp-content/themes/cts/comments.php on line 55