A will requires court-supervised probate, which is a public process where a judge must approve every action, making it susceptible to contestation and potentially costly; in contrast, a trust avoids probate entirely, allowing beneficiaries to receive assets immediately without court approval, providing greater privacy and reducing the likelihood of legal challenges.
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Will vs Trust Explained: Which One Do You Actually Need?Added:
Hi, my name is Cherish DeLaCruz. We help families and small businesses in Florida and Georgia [music] create life and business plans that prevent unnecessary stress during [music] life's unexpected events.
Today, I will be discussing the key differences between a will and a trust.
[music] The first key difference between a will and a trust is that a will has to go through a court-supervised [music] process. This means that a judge has to approve every single action of the executive.
A trust, on the other hand, does not have to go through the probate [music] process. And the beneficiaries can immediately receive [music] all of the assets without court approval. When you have a will, you go through probate, which is a public process. [music] Everyone in that case knows your business.
If you wish to [music] keep your affairs private, you want to choose the trust.
My third [music] key point is that wills are easily contested. Trusts, on the other hand, you have more control. Which means [music] that trusts are private and they're less likely to be contested. I know that having these conversations [music] with your family about what will happen to you after you pass away and issues [music] like money can be challenging. But we help you through every step of the way.
We want to help you prevent [music] chaos in your family if something unexpected happens.
Please schedule a consult today.
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