What is the difference between a will and a living trust

A will and a living trust are both esate planning tools but they serve different purposes.

Explanation:

Both a will and a living trust allow their owners to name beneficiaries for their estates both a main difference beteen the two is that while a will only goes into effect after the death of the maker, a living trust becomes effctive as soon as it is created.  Although these two are different, they can however be used together for a more complete property plan.

Other differences are as follows:

The terms of creating a living trust are more complicated than that of a willWhile a living trust is a document that can facilitate the distribution of an individual's property or estate before death or after death, the will only facilitates this distribution after death and the appointment of a legal representative. A while basically covers only the property or estate in an individual's name after death while a living trust additional covers properties that is jointly owned but has bbeen transferred to the trust. While a will must be overseen by a court through a legal representative, a living trust does not pass through probate and does not require the involvement of a court.

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