The importance of a will when preparing a trust

While having a funded trust is a crucial aspect of estate planning, it's equally important to have a will in place. A will serves as a backup document that outlines how any assets not included in the trust should be distributed, providing clarity and avoiding potential disputes among beneficiaries. Additionally, a will allows individuals to appoint guardians for minor children and make specific funeral or burial arrangements that may not be covered by the trust.
Including both a will and a funded trust in your estate plan provides comprehensive asset protection and ensures all your wishes are clearly documented. In some cases, assets may be unintentionally left out of the trust, making a will necessary to address these oversights. Having both documents also simplifies the probate process for your loved ones and can provide peace of mind knowing that all aspects of your estate are accounted for and protected.