What is Estate Planning?

Estate planning tools – wills and trusts – allow you to spell out how you wish your property to be distributed. Wills enable you to determine the distribution of your property, and nominate your executor and guardians for your minor children. Trusts differ from wills in that they are actual legal entities. Like a will, trusts spell out how you want your property distributed and let you customize the distribution of your estate with the added advantages of property management and probate avoidance.

Wills and trusts are not mutually exclusive. While not everyone with a will needs a trust, all those with trusts should have a will as well. 
Learn more by watching this short video.