Everything You Need To Know About Estate Planning Apr 2026

Designates a person to manage the distribution process.

Assets pass through probate before distribution. 2. Trust (Revocable or Irrevocable) Purpose: Holds assets on behalf of beneficiaries. Everything You Need to Know About Estate Planning

Outstanding debts and taxes are paid from the estate. Designates a person to manage the distribution process

Remaining assets are transferred to the legal heirs. Everything You Need to Know About Estate Planning

Keeps your financial affairs private (unlike a will).

Misaligning how property is owned with the goals of a trust.

Probate is the court-supervised legal process that authenticates a will and distributes assets.