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Exploring Trusts and Wills

Trusts and wills are fundamental components of estate planning. A will is a legal document that outlines how your assets should be distributed, while a trust is a fiduciary arrangement that allows a third party, or trustee, to manage assets on behalf of beneficiaries. Trusts offer several advantages, such as avoiding probate—a potentially lengthy and costly process. Moreover, trusts can provide privacy and protect your estate from creditors.