When it comes to estate planning, understanding the differences between wills and trusts is crucial. Wills are legal documents that outline how a person's assets and properties will be distributed after their death. They require probate, which is the legal process of validating the will and carrying out its instructions. On the other hand, trusts are legal arrangements that hold assets on behalf of a beneficiary or beneficiaries. One of the primary benefits of a trust is that it allows for the transfer of assets without going through probate, providing privacy and potentially saving time and money for the beneficiaries.

Both wills and trusts have their advantages and disadvantages, and the choice between the two depends on an individual's specific circumstances and goals. While wills are generally more straightforward and easier to set up, trusts offer more flexibility and control over the distribution of assets. Furthermore, trusts can also provide protection against legal challenges and ensure that assets are managed according to the grantor's wishes in the event of incapacity. Ultimately, seeking professional advice from an estate planning attorney is essential to determine which option best suits one's needs and to ensure that their wishes are accurately reflected in the legal documents.