Legal Question in Family Law in Kansas
Trusts and Wills
Is a trust and a will the same thing ?
If not, what is the difference
Asked on 7/30/07, 4:07 pm
1 Answer from Attorneys
Rian Ankerholz
Ankerholz and Smith
Re: Trusts and Wills
Great question! No, wills and trusts are not the same thing, but they usually serve the same purpose: to eventually pass property to others. Wills are effective only upon the death of the will maker. Trusts can be effective immediately. There are too many similarities and differences to describe here. Wills and trusts are both effective estate-planning tools. Consult an experienced estate planning attorney to discuss your situation.
Answered on 7/30/07, 9:07 pm