FAQs
1
What’s the difference between a Will and a Trust?
A Will is a legal document that says who gets your property and who cares for your minor children after you die. It goes through probate and is part of the public record.
A Revocable Living Trust lets you move assets into a trust while you’re alive, keep control, and pass them to your beneficiaries without probate. It offers more privacy, flexibility, and control, but needs more ongoing maintenance.
2
How do I choose between a Will‑based and Trust‑based plan?
A Will‑based plan is a simple way to state your wishes and name guardians for minor children. A Trust‑based plan is often better if you want to avoid probate, keep things private, or control how and when beneficiaries receive assets. Our guided questions help you decide which is a better fit for your situation.
3
Why is choosing a backup guardian for my children so important?
If you die or become incapacitated, a court will appoint a guardian if you haven’t named one. By naming a backup guardian in your estate plan, you choose who will care for your children instead of leaving that decision to the court.
4
What does an Executor or Trustee do?
An Executor (for a Will) carries out your instructions after you die: paying debts, filing tax returns, and distributing assets.
A Trustee (for a Trust) manages the assets in your trust during your life (if you name yourself) and after your death through a successor trustee.
5
What is a Medical Power of Attorney and why do I need one?
A Medical Power of Attorney (or healthcare proxy) lets you name someone to make healthcare decisions if you can’t speak for yourself. Without it, a court may need to appoint someone, which can be slow and stressful for your family.
6
What is a Financial Power of Attorney?
A Financial Power of Attorney lets you name an agent to manage your financial affairs, such as paying bills, managing investments, or handling property, if you can’t do it yourself.