When estate planning, most people come across two primary tools – wills and trusts – designed to guarantee your wishes are carried out after you pass away. Both options are great at legally coordinating the management of your assets. However, each approaches the process differently, meaning the right estate planning choice for you will depend on your individual circumstances. In this article, we’ll compare and contrast wills and trusts, review what you need to know to get started, and provide you peace of mind in the process.

At Wills.com, we’re determined to challenge the stereotype that estate planning is difficult and overwhelming. While we understand the idea of planning for the end of one’s life can be sensitive to face, it’s a necessary process that ultimately leads to increased comfort and decreased stress for loved ones after an individual passes away. That’s why we believe it’s important to simplify the processes by helping you understand your options.

When we think of writing a will, we often imagine older adults preparing for the inevitable. But in today’s world, where teenagers can enlist in the military at 17, get married, have kids, and even make millions on social media before they’re old enough to vote, the question arises: Can teenagers protect their families legacy by writing a will?

They aren’t totally wrong about trusts. Trusts can help transfer your wealth without those hefty tax bills. But what is a trust and how does it work? Think of a trust as your personal treasure trove containing everything you have worked hard for your entire life, with attached a clear plan as to what you wish to happen to it plus a person in charge to ensure that plan is executed as per your wishes. To get technical, a trust is a legal arrangement where you give a trustee control over assets (like money, property, or investments) to manage them for the benefit of one or more persons.

Life is full of changes, and your will should adapt to those changes. At Wills.com, we understand the dynamic nature of life, which is why we offer free, unlimited changes to your will. Here’s a comprehensive look at the benefits of creating a will with Wills.com and how it ensures that your final wishes are honored and your loved ones are cared for.

Lets face it, no one likes estate planning, but it could mean the difference between stability and chaos for bereaved children.