the common misconception that most
people make
is that if i write this will
all my family has to do is sit at a
table like this after death have a
reading of the will
the executor automatically assumes the
position by virtue of being named in
this will
and goes on to distribute the property
that’s the common misconception that
most people have when in fact the will
goes through what’s called probate
probate is the process where the will
has to be admitted the executor has to
be appointed there’s a seven month
window that the estate must stay open
and it takes about a year or so to
complete conservative sometimes a little
bit less depending on the value of the
assets
and only then are they able to
distribute in most cases
a trust on the other hand is in fact
self-serving
so
unlike a will that requires court
approval at every step of the last will
and testament aside from actually
writing it
the trust can be used
during life and after death without
court intervention
by the person who created it or by
anybody they they have named as trustee
in their place for the benefit of either
them if they named themselves as
beneficiaries
or somebody else both during life and
after death so essentially it avoids
this whole
probate process regardless of what type
of trust we put in place