Why You Might Want a Trust Instead of Just a Will

When you’re planning what happens to your stuff after you’re gone, you’ve probably heard about a will. It’s a legal paper that says who gets your money, house, or other things. But there’s another option called a trust, and it might be a better option. Let’s break it down simply—here’s why you might want a trust instead of just a will.

1. Keep Things Private

A will has to go through a court process called probate after you pass away. Probate is like a public check-up on your will to make sure it’s real and followed. That means anyone can peek at it and see what you owned and who got it. A trust, though, skips probate. It’s like a secret plan—only the people you pick to handle it need to know the details. If you don’t want nosy neighbors or strangers knowing your business, a trust keeps things quiet.

2. Save Time and Hassle

Probate can take months or even years, especially if there are a lot of things to sort out or someone argues about the will. Your family might have to wait a long time to get what you left them. With a trust, there’s no probate, so your loved ones can get their share more quickly. It’s like handing them the keys directly instead of making them wait in a long line.

3. Control How Things Are Given Out

A will is simple—it says who gets what when you’re gone, and that’s it. But a trust lets you set rules. For example, if you have kids or grandkids, you can say they only get money when they turn 25 or finish school. Or maybe you want to give a little bit at a time instead of all at once. A trust is like an instruction manual you write for how and when your stuff gets handed out.

4. Help If You Can’t Manage Things Yourself

What if you get sick or can’t handle your money or property while you’re still alive? A will only works after you pass away—it can’t help you during your life. A trust can. You can set it up so someone you trust steps in to manage things for you if you need help. It’s like having a backup plan that kicks in whenever you need it, not just at the end. (A power of attorney can also help do this if you have a will instead of a trust).

5. Avoid Extra Costs (Sometimes)

Probate isn’t free. There are court fees, lawyer bills, and other costs that can add up, taking a chunk out of what you leave behind. A trust might cost more to set up at first, but it can save money later by skipping probate. Think of it like paying a little now to avoid a bigger bill down the road.

So, Should You Get a Trust?

It depends on what you want. If you have a simple plan and don’t mind probate, a will might be enough. But if you want privacy, control, and a smoother process—or you have a bigger estate—a trust could be the way to go. Talking to a lawyer can help you figure out what fits your life best. Either way, planning ahead with a will or a trust means you’re taking charge of your future. It’s a smart move to make sure your wishes are followed and your loved ones are taken care of.