Public Record: One important consideration is that the details of a will, including property distribution and the names of beneficiaries, become part of the public record during probate. This means that anyone can access this information, which may not align with your privacy preferences. Control: Although a will allows the testator to outline how assets should be distributed, it is subject to the probate court's oversight. The court will ensure that the instructions in the will are followed, which can provide a level of assurance but may limit flexibility. Timing: Probate can be a lengthy process, potentially taking several months or even years before beneficiaries receive their inheritances. This delay can be a significant concern for those who wish to expedite the transfer of property.
THE TRUST
A trust, on the other hand, is a legal arrangement where the property owner, known as the grantor or settlor, transfers
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