Hello, my name is Denise Jomarron, and I'm a Estate Planning attorney in South Florida. Today, I am going to shed some light on the difference between wills and revocable trusts so you can have a better idea of what you may need for your estate planning needs.
A last will and testament outlines how your assets will be distributed upon your passing. It's an important document, but if you pass away with assets solely in your name, the will must go through the probate process, which can be time-consuming and costly.
On the other hand, a revocable living trust allows you to seamlessly transfer your assets to your beneficiaries upon your passing. By appointing a successor trustee, you ensure privacy and flexibility during your lifetime and ensure your wishes are met upon your passing.
Choosing between the two depends on your unique situation. That's why I suggest you contact our office to schedule a consultation. This way, we can assess your specific needs and plan for your legacy accordingly.