Isn't a will enough? Why is a trust necessary?
|WILL ONLY||ESTATE PLAN WITH A TRUST|
|Financial decisions must be supervised by a court appointee at high expense||Gives immediate authority to person you choose to make decisions, without court intervention|
|Court must authorize release of any asset of the estate to beneficiaries||Gives immediate access to assets without delay and cost of court intervention|
|If incapacitated, no one has authority to access funds or make health care decisions without a lengthy and expensive court process||Gives trusted person immediate authority to make decisions for an incapacitated person|
|May not select guardians for your children and does not provide financial guidance for children over 18 who inherit the estate||Gives trusted person direct authority to distribute the estate to your minor children according to your pre-set guidelines|
A trust accomplishes things a will alone cannot do. An estate plan with a trust accomplishes what a will does at a significantly lower cost.