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What is a trust? What is a will? Is there a difference?

Everyone has assets, whether they are large ones like your house or car in your name or the $10 bill in your pocket. No matter how big or small your assets, you are going to want to have an estate plan prepared by a professional top grand rapids estate planning attorney to have the final decision of where these belongings go once you are gone.

Most people have heard the terms “will” and “trust” but more than likely not everyone knows the difference between the two. When planning your estate, both are useful but serve very different purposes. It is important to be knowledgeable of the differences between the two legal documents as you plan your estate, to make sure your wishes are planned out correctly for after you pass.

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