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Estate LP Wills and Trusts

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Wills and Trusts

Explain the differences
between the two

Ask clients what is important,
guide them to best fit

Example:

Protecting Spouse?

Avoiding Probate?

Preserving Inheritance?

Privacy?

Explanation within each example

End with a Comparison Table of Wills vs.
Trusts based on their selections

FeatureWillTrust
Goes Through Succession (Probate)YesNo
Effective During LifetimeNoYes
Controls Timing of InheritanceLimitedFull control
PrivacyPublic recordPrivate
Cost to Set UpLowerHigher
Ongoing ManagementNoneRequires upkeep
Common Louisiana FeatureCan include usufructCan own property directly
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