What is an Estate Plan, vs. a Trust, vs. a Will? Legalese in Plain English
In this segment/video Shadi explains the terminology and differences between an “estate plan,” “trust” and “will.” She clarifies what these terms mean and how they work together and the differences between them. Shadi explains why some people only have a Will and why when you have a Trust you still have a Will. She explains how an “estate plan” is a series of legal documents that in most cases consist of a Trust, Will, and other legal documents relating to your family, assets, and estate in general.