Legal Question in Wills and Trusts in New York
main/important differences between a trust and a will
I'd like to know the main differences between a trust and a will ?
Asked on 6/10/07, 7:39 pm
1 Answer from Attorneys
Arnold Nager
Arnold H. Nager, Esquire
Re: main/important differences between a trust and a will
Trust is private, avoids probate. No surrogate's court costs or fees. Costs more than a will.
Will is public, subject to supervision by and accounting to the court. Once submitted to probate, will is public record.
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Answered on 6/10/07, 9:45 pm