What is the Difference Between a Will and a Trust in Wisconsin? | Attorney Explains

Attorney Thomas B. Burton answers the following question: What is the Difference Between a Will and a Trust in Wisconsin?
In Wisconsin, estate planning often involves the use of wills and trusts, each offering unique benefits. A will is a document that outlines how one's assets should be distributed after death. On the other hand, a trust, which can be revocable or irrevocable, is a legal entity that holds assets for the benefit of chosen beneficiaries. It's crucial to seek legal assistance when it comes down to understanding the difference between wills and trusts and which one is good for you and for your estate planning.
Follow as Attorney Thomas B. Burton answers and discusses the differences between a Will and a Trust in Wisconsin in-depth, in this latest video of his famous Question & Answer Series here on KZbin.
Want to know what type of estate planning documents are best for your situation?
Download a free copy of Attorney Thomas B. Burton's easy estate planning guide.
➮ Obtain Your Free Will vs. Trust Estate Planning Guide here: bit.ly/3jxgz3R
➮ Subscribe to Burton Law LLC’s channel to get notified when we post new videos. Subscribe here: bit.ly/BurtonLa...
Affiliate Disclosure: This page may contain links to affiliate websites, and we receive an affiliate commission for any purchases made by you on the affiliate website using such links.
The content and information provided on this KZbin Channel is for general information purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this KZbin channel for legal advice. Viewing this KZbin channel is not intended to and shall not create an attorney-client relationship between you and Thomas B. Burton or Burton Law LLC (“we”, “us”, or “our”). Messages or other forms of communication that you transmit to this KZbin channel will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither Thomas B. Burton, nor Burton Law LLC, makes any representation, warranty, or guarantee about the accuracy of the information contained in this KZbin channel or in links to other KZbin channels or websites, or information provided. This KZbin channel is provided "as is," does not represent that any outcome or result from viewing of this channel. Your use and viewing of this KZbin channel is at your own risk. You enjoy this KZbin channel and its contents only for personal, non-commercial purposes. Neither Thomas B. Burton, Burton Law LLC, nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.
© 2023 Thomas B. Burton: Burton Law LLC. All rights reserved.

[@EricsWormPlayground]

Guessing there is little need for a trust over a will for someone of meager net worth, right? A basic will would make sure wishes are known. Sound like I understand it correctly?