Week 49 Day 2: Wills vs. Trusts: Which Do You Need?

A will tells a probate court what to do with your assets after you die. A revocable living trust holds your assets during your lifetime and transfers them to your beneficiaries when you die without go...

A will tells a probate court what to do with your assets after you die. A revocable living trust holds your assets during your lifetime and transfers them to your beneficiaries when you die without going through probate. The trust avoids the public, slow, expensive probate process. For most people with a home and retirement accounts, a trust is worth the extra cost.