Question

when property is held in trust; the trust agreement specifies what happens to the property when the grantor dies. These actions happen automatically without having to go through the court system. Beneficiaries don’t have to bear the burden of court costs associated with probate. Can you think of any advantages a will may have over a trust

Answer 1

Advantages of will over trust are -

1. To avoid complexity of language used in trust, many people prefer a will over trust, as the language used in a will is comparatively simple than trust.

2. There are no complicated documents used in a will. Where as a trust is formed by very complicated documents.

3. During the planning period, a will costs less than a trust. This is also a major reason some people prefer will over trust.

4. There is Re-titling of assets in case of trust. Where as in a will, changes can be made to assets without Re-titling them.

5. It is easy to manage a will rather than a trust. Will can easily be dissolved, where as there are complexities in dissolving a trust.