About me - Tom Klein
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- Law & Justice > Lawyers & Legal Advice Legal information: A comparison of wills and trusts
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Overview Wills and trusts are two essential legal documents highly recommended for an estate plan, even if one has very few assets to transfer to his or her heirs. The will and the trust serve the same purpose passing assets to heirs on death but do so through different means. Furthermore, the two documents work together to form the foundation for any asset transfers on death. The trust can also be used to transfer assets during a person's lifetime. Wills and Trusts Vocabulary Estate planning attorneys use the following terms when working with wills and trusts: Testator the person making t...
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Tom Klein
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Member since: August 2008
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Articles Written: 10
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