Having a trust versus a will is a common question for many people. Understanding the differences is key to deciding what is best for your assets upon your death. A will dictates asset distribution upon death and appoints guardians for minor children. A trust can manage assets before or after death and avoid probate. Trusts offer more control over asset distribution and can reduce taxable estates. Consult an estate planning professional for personalized advice.

Read more at Yahoo Finance: With 2 Homes, IRAs and $600k in Assets, Should We Use a Trust or a Will?