WHY do people choose trusts?

There are several reasons someone may choose a trust instead of a will:
(1) Some people use a Trust to avoid probate.
(2) If a person owns real property in multiple states, they may choose a Trust to avoid the necessity of multiple probate proceedings when they die.
(3) A Trust is private. Some people have strong feelings about privacy.
(4) A Trust is a good incapacity planning tool.

why do people choose
wills?

There are several reasons someone may choose a will instead of a trust:
(1) A Will does not require you to retitle your assets. Some people do not want to go through the process of transferring their assets into a Trust. They may also be concerned that, over their lifetime, they will forget to transfer any newly acquired assets into their trust.
(2) A Will is typically less expensive and time consuming to set up.

how do I know what's right for me?

The reasons above are not an exhaustive. Each person’s goals and circumstances are different. As part of your estate planning, we will discuss the pros and cons of a Will or Trust and determine which option is the best fit for you.