The reality is that probate assets and non-probate assets are treated differently when you die, and this can have a large effect on how your estate is administered by the personal representative. Read ahead to learn about the distinction between probate and non-probate assets.
There is also a common misconception that trusts are only necessary for or used by the wealthy. The bottom line is that trusts offer many benefits over traditional wills that are useful no matter your net worth. Follow along as we walk through some of the differences between wills and trusts, and the benefits of having a trust.