A will names the guardian of you children, the executor of your estate and determines to whom your property passes. If you die without a will, the state will decide who receives your property under the intestacy laws, and a probate court judge will decide who will administer your estate and care for your children.

A Trust is a legal relationship under which the beneficial and legal ownership are split.

Under a trust agreement, one party (the donor) transfers property to another party (the trustee) for the benefit of a third party (the beneficiary). Trusts may be revocable (subject to change) or irrevocable (not subject to change), and may be funded during lifetime or after death. Trusts are useful for consolidating and managing assets in order to avoid a guardianship and to hold assets for minors or those who are fiscally irresponsible.

A Trust also ensures privacy because, unlike a will, it is not a public document.