To clarify, though, the answers are Yes, NO, Yes, and Because. Wills
and Trusts are NOT mutually exclusive. You can have both and as
pointed out, they serve different purposes.


Cal Lester wrote:
- quote -

Rui Teixeira wrote:
- quote -

Yes - Yes - Yes & Because

A Will in laymans terms, is simply a tool to guide the administrator in the wishes of the decedent,
as to the "distribution of assets".
It only encompases DISTRIBUTION.

A Trust is a seperate entity, that ADMINISTERS only those specific assets that the Testator (alive
or dead) has already placed INTO the trust. The language of the trust tells the Trustee what to do
with the monmey (or whatever).

They ARE sperate & distinct. Each has it's onw function.

IF you have assets, and you want to be sure that they are used as YOU intended, then yes you do need
both.
Contact a competent Attorney.

Cal Lester CLU

Hi there!

I have a will and I wonder if I should get a trust. Are they mutual
exclusive? can I have both? why?

Thanks!

Rui