Find out why Estate Planning Matters
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No, the Will in fact mandates probate. The Will only has legal authority if it’s administered under probate court.
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No, the moment you pass away, your Power of Attorney stops having any legal effect. It only works during your lifetime.
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Both documents allow you to specify how your estate is handled - the who, what, how, when of planning. The primary difference is how that process will be handled, in court, or privately.
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It depends on the goal you are trying to accomplish. Revocable trusts provide more control and access to trust funds, while Irrevocable trusts often protect assets from creditors, like nursing homes. Sometimes, having both trusts is the right answer.
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