Key Differences Between Wills & Trusts

 

Wills and trusts are both important estate-planning tools, but they differ in important ways. First, a trust is activated when the grantor signs it. A will does not go into effect until the testator. Upon your death, your will goes through probate, and a trust does not. A will is where you name guardianship of any minor children, plus share any funeral or memorial plans or requests.