What is the Difference Between a Will and a Trust in New Jersey?
Estate planning is an important undertaking at virtually any stage of your life, but it is not always a straightforward process. While you might have a clear idea of your beneficiaries and how to handle your estate, the legal world can often prove to be somewhat of an obstacle. Legal terms may be confusing, and it is not always clear how to take the right step forward. Perhaps you are not quite sure about the difference between a will and a trust. In order to clear up issues like this, it is always a good idea to consult with a qualified legal expert. Not only can they explain the difference between a will and a trust in clear, concise terms, but they can also help you decide which option is best for you. With that said, there are a few basic things you can learn about wills and trusts in order to get a better sense of how to proceed. What is a Living Trust? A living trust gives you control over the estate planning and inheritance process while you are still alive. Wit...