Pennsylvania Estate Planning Attorney Explains What is the Difference Between a Will and a Trust?
What is the difference between a will and a trust? Our Phoenixville, PA law firm hears this question all the time. A will says what happens to your assets when you pass away. A trust can be created under a will or separately. It establishes who will manage your money and what they are going to do with it. You can create a trust under a will to dictate at what age your children have access to your money and what happens to it in the meantime. Trusts and wills can get very complicated, and you will likely need both in your lifetime. Give us a call at 610-933-8069 for more information or to set up an appointment.