Death can be a discomforting subject to talk about. However, it is a necessary matter to discuss when planning for the future. Failing to plan today means you risk not being able to protect your hard-earned assets in the event of an untimely demise.
Wills and trusts are two closely related but very different estate planning tools and concepts that many people confuse with each other. When embarking on estate planning, it pays knowing the key distinctions between these important instruments so you can use them to their full advantage as you draw up your end-of-life wishes.