When it comes to estate planning, two of the most common tools are Wills and Trusts. Although many people have heard of these terms, there is often confusion about what each document does, how they differ, and which one might be right for their situation. By understanding the basics, you can make more informed decisions about your estate plan.

Estate Plans have a lot of legal jargon. Understanding these terms will help you understand your estate plans and options. Below is a plain-language guide to the most common definitions.

By understanding the basics of estate planning and probate, you can see how a well-prepared plan eases the administrative burden on your family, minimizes potential disputes, and helps ensure your wishes are honored.