Very few people understand the difference between a TRUST Fund vs Will. And it can be very confusing because they both essentially transfer property to the heirs of their choosing. BUT there are some key differences you need to know about.

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Time codes:
Intro Joke (0:00)
What is a Will? (1:11)
What is a Trust Fund? (2:19)
What do Will and Trust Funds have in common? (3:14)
The difference between Trust Fund vs Will (4:08)
What happens if you pass without a Trust Fund vs Will? (6:38)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).