Will vs. Trust: Whats the Difference?
Wills and trusts are both estate planning tools that can help ensure your assets are protected and bequeathed to your heirs, besides your spouse, which is generally not an issue. This is because the unlimited marital deduction provision within the United States Estate and Gift Tax Law allows the passing of wealth to a surviving spouse without incurring gift or estate tax liabilities.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: MATTHEW JARRELL
Original Article Posted on: Jan 26, 2021
Link to Original Article: https://www.investopedia.com/articles/personal-finance/051315/will-vs-trust-difference-between-two.asp