I am often asked what the difference is between a will and a trust, and I usually feel the expected answer is supposed to be a satisfactory two or three sentence answer. Unfortunately, my explanation is not that simple. When you're waiting for disbursement of goods from a will or trust, nobody wants to be left wanting, or feel left out -- like my dog Gracie at the dinner table! The differences between a will and a trust are complex, but to start, here is a simple explanation of the similarities: Both a will and a trust distribute assets when you pass away, but the disbursement methods … [Read more...]