Miscellaneous

What's the difference between a trust and a wheel?


2 Answers

A will is a document that directs who will receive your property at your death and also who will carry out your wishes. A trust is a legal arrangement through which one person or trustee holds legal title to property for another person. It can also distribute property either before or after death.

{{ relativeTimeResolver(1600837274486) }}

LIVE
Points points 58
Rating 0

Trusts offer more control of assets, but they are more expensive, can be tedious to set up, and must be actively managed. If you do not have an estate-transfer plan, the state in which you live and the federal government will have one for you.

{{ relativeTimeResolver(1594493447201) }}

LIVE
Points points 44
Rating 0
Sign-in to view all answers

Similar Questions

Join Alexa Answers

Help make Alexa smarter and share your knowledge with the world

LEARN MORE