How Does a Living Trust Compare to a Will?

Answer A last will and testament is a document created during one's life that takes effect upon death and details who the deceased individual's property will go to. By contrast, a living trust, though als... Read More »

Top Q&A For: How Does a Living Trust Compare to a Will

Does a beneficiary of a living trust have the right to see the trust?

A beneficiary's right to examine a revocable living trust does not exist until the trustor---the person who made the trust---dies. The beneficiary then has the right to request a copy of the trust ... Read More »

What is a living will trust?

A living will trust is a legal document that is a popular alternative to a regular will. The trust allows the management of a person's assets both before and after his death.FunctionA living will t... Read More »

Do I need a will or a living trust?

On One Hand: Benefits of a Living TrustThe primary advantage of a living trust over a will is that a will must go through probate court, which can often be time consuming and expensive. A living tr... Read More »

Who is paid first in a living trust vs. will?

On One Hand: Living Trust Beneficiaries Paid FasterThe advantage of creating a living trust instead of a will for beneficiaries is because assets left in a living will do not have to go through pro... Read More »