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Question

What is the difference between a will and a revocable living trust?

Answer

A will directs how your assets are distributed after your passing but generally requires going through probate. A revocable living trust allows assets to transfer directly to beneficiaries without probate, provides continuity during incapacity, and generally offers greater privacy. Many families use both — the trust to hold most assets and a “pour-over” will as a backstop.

Related FAQs

What is a SLAT (spousal lifetime access trust)?

What is a GRAT (grantor retained annuity trust)?

What is a dynasty trust?
Estate Planning Tax Planning Asset Protection Trusts Long-Term Care Impact of New Laws Tax Basics Protecting Your Legacy Generational Wealth Year-Round Tax Planning FAQs
Last Updated June 29, 2026
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