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FAQs: Is It Better to Have A Trust Or A Will?

FAQs: Is It Better to Have A Trust Or A Will? | Florida Estate and Elder Law Attorney Barry D. Siegel at The Siegel Law Group, P.A

Estate Planning options and jargon can be confusing. So how do you know the best way to transfer your property to your loved ones after you pass away? Many people will argue that a Will is the best method; while others recommend a Trust. In many cases, someone will have both a Will and a Trust. There are benefits and drawbacks to each. Your decision on whether it's better to have a Trust or a Will should take into consideration your personal concerns and priorities, as well as the nature of your estate and beneficiaries. First, let’s look at how Wills and...

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Living Will vs. DNR

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Often-times, clients get confused and are not aware that a Florida Living Will, commonly called an “Advanced Directive” is not the same document as a “Do Not Resuscitate Order” (DNR). Nor, is a Living Will the same document as a Will. A Florida Living Will is used for health and a Will is used for money. While the Florida Living Will and the DNR are both health related documents, the Florida Living Will and DNR are not necessarily interchangeable. Clients believe if they have one document filled out, they do not need to worry about the other, but it is...

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