What is the difference between a will and a trust?

A will and a trust are both legal documents used to transfer property from one person to another. However, they have a few key differences when it comes to trusts and estates law in Kansas. A will is a document that contains instructions on how the estate should be divided and distributed after an individual dies. It typically will include directions on inheritance to family members, the distribution of assets, and the naming of an executor to manage the estate. A trust is a legal document that allows an individual to control assets and distribute them according to their wishes while they are still alive. It is an agreement between an individual and a trustee that allows them to transfer property to designated beneficiaries upon their death. This can provide more flexibility in terms of passing on assets to future generations. Both will and trusts are important tools for estate planning and can provide numerous benefits. The main difference is that a will goes into effect after death while a trust is established while the individual is still alive.

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