What Is the Difference Between a Will and a Trust? | NC

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Q: What is the difference between a will and a trust? A: A will directs how property in your probate estate passes after death. It can also name an executor and recommend guardians for minor children. A living trust can hold and manage property during your lifetime, if you become incapacitated, and after your death. Assets properly transferred to a revocable trust can generally avoid probate.…