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Question

Do I need a trust if I already have a will?

Answer

A will is an important estate planning document, but it may not address every concern. A trust can help avoid probate, provide ongoing asset management if you become incapacitated, and offer more control over how assets are distributed. For families with growing wealth, a trust is often used alongside a will, not instead of one.

Related FAQs

What is a SLAT (spousal lifetime access trust)?

What is a GRAT (grantor retained annuity trust)?

What is a dynasty trust?
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Last Updated May 18, 2026
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