Eye on Eldercare

05/12/2025

05/12/2025

Choosing between a trust and a will depends on your personal goals, assets, privacy concerns, and family situation. Here’s a comparison to help you understand why a trust might be preferable in certain situations:

Advantages of a Trust Over a Will
1. Avoids Probate
• A trust bypasses probate court, which can be slow, public, and expensive.
• Your beneficiaries can receive assets more quickly and privately.
2. Privacy
• A trust is not public record, unlike a will.
• This keeps your financial and family matters private.
3. Control Over Asset Distribution
• Trusts can distribute assets over time or under conditions (e.g., age, milestones, needs).
• This can protect young or financially irresponsible beneficiaries.
4. Continued Management if You’re Incapacitated
• A revocable living trust can include provisions for management of your assets if you become incapacitated—without needing a court-appointed guardian.
5. Flexibility and Customization
• Trusts can be tailored for specific goals (e.g., special needs trusts, charitable trusts, spendthrift protections).
6. Potential Estate Tax Benefits
• Some types of trusts can help reduce estate taxes for larger estates.

When a Will Might Be Enough
• Your estate is simple and small.
• You are comfortable with the probate process.
• You do not need asset protection or complex distribution plans.

Would you like help figuring out which fits your situation best?
Call us at 931-762-7528
Or go to our website at:
Harwell &

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