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Difference Between a Will u0026 a Trust (And Which One You Need)

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eForms

Official Last Will & Testament:
https://bit.ly/3dXTC8B

Official Certificate of Trust:
https://bit.ly/3Fs5a18

A last will and testament and living trust are two very common vehicles for transferring assets and property to others, most commonly seen when passing inheritance to family members. But the differences between the two are profound, each offering its own benefits to those who use them as well as their own special guidelines.

Understanding the differences between them can be valuable to you and your family’s future.

In this video, we’ll discuss the differences between wills and trusts, including:

What types of properties are covered in either a will or a trust;
When each goes into effect;
Which can be used to appoint guardians for a minor;
And more…

Access an official template for each document at the links below:
Living Will templates: https://eforms.com/livingwill/
Last Will and Testaments templates: https://eforms.com/wills/'>https://eforms.com/wills/

Free Last Will & Testament:
https://eforms.com/wills/'>https://eforms.com/wills/

Free Living Trust:
https://eforms.com/livingtrust/

DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.


0:00 Intro:
0:35 Let's Review:
0:37 What Is A Will:
1:16 What Is A Trust:
1:52 Key Differences Between Wills And Trusts:
2:10 A Will Passes Through Probate:
2:33 Wills Only Go Into Effect After Death:
2:58 Trusts Take effect Immediately:
3:06 Each Covers Different Types Of Properties:

posted by benditera2b