A Trust Vs. A Will - Stark Federal Credit Union

A Trust Vs. A Will

  1. More Privacy

     – Wills are public documents that anyone can access. A trust, on the other hand, is a private document that’s accessible only to the trustee and their chosen designates.

  2. Preferable Tax Treatment

     – Trust accounts have lower individual and estate taxes than wills.

  3. Control of Asset Distribution

     – A trust allows you to pay out inheritances in smaller payments, and to condition them according to the attainment of specified milestones.

  4. Ease of Use 

    - A trust can be set up without an attorney, without witnesses, never has to be brought to court and can’t be challenged.

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