Estate Planning Wealth Protection

Create a clear strategy to preserve assets and support future generations confidently.

Estate Planning Basics

Estate planning helps organize how assets, responsibilities, and personal wishes may be handled in the future. Two common parts of estate planning are wills and trusts.

Signing a document with gavel nearby.

What Is a Will?

A will is a legal document that explains how assets and property should be distributed after death. It may also include instructions for guardianship and appointing an executor to manage the process.

A Will May Help With

  • Asset distribution.
  • Naming beneficiaries.
  • Guardianship planning.
  • Outlining personal wishes.
Gavel with chess pieces and stacked coins.

What Is a Trust?

A trust is a legal arrangement that allows assets to be managed for beneficiaries based on specific instructions. Trusts may be used during a person’s lifetime and after death.

Trusts May Help With

  • Managing assets.
  • Controlling asset distribution.
  • Long-term planning.
  • Estate organization.
Gavel beside "Will vs Trust" text.

Key Differences Between a Will and a Trust

Wills and trusts serve different purposes within estate planning. 

  • When they take effect.
  • How assets are distributed.
  • Whether probate is involved.
  • How assets are managed over time.

Some individuals use only a will, while others may include both wills and trusts in their estate planning approach.

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