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Complex Will with Credit Shelter Marital Trust for Large Estates Michigan Form

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Complex Will with Credit Shelter Marital Trust for Large Estates Michigan Form

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patrick here head of legal at trust and will today i'm going to talk about the differences between a trust and a will in case you weren't already aware estate planning is the process of anticipating and preparing for your eventual passing not only that it also lets you make arrangements in case you ever become incapacitated when you first set up your estate plan you'll be faced with an important decision should i set up a trust or should i set up a will in this video i'm going to help you choose the best option first i'll explain what purpose each document serves their differences and when you'd want to go with a will or a trust i want you to know that wills and trusts are both ways to say who should receive your assets in this sense they're the same but they operate in different ways let's talk about wills first you can think of a will as your basic estate planning document you can use them to name guardians for your kids

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