Should I include a trust or will in my estate plan?

When it comes to estate planning in Kansas, determining whether to include a trust or will in your plan is an important decision. A trust is a legal document that places another person in charge of your estate and allows them to manage it for you when you are no longer able to do so. A will is a legal document that states the wishes of the deceased and distributes their assets accordingly. When deciding which document to include in your estate plan, you should consider your financial situation, health, and needs. If you have a large estate or complex assets, you may need to include a trust in your plan to ensure that your assets are handled correctly. That being said, even if your estate is small, a trust can provide more protection for your assets than a traditional will. Another important factor to consider when deciding between a trust or will is the amount of control you want to have over your estate after your death. A will gives you the ability to determine exactly what will happen to your estate after you pass away. Alternatively, a trust may allow you to designate particular tasks to be carried out by the trustee upon your death. Ultimately, the decision to include a trust or will in your estate plan depends on your individual needs and goals. It is important to work with an experienced attorney to determine the best plan for your estate.

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Should I include a trust or will in my estate plan?

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