Attorney Jeffrey P. Coleman answers a common question about the difference between a Living Trust and Last Will and Testament.
A Living Trust document does have an additional benefit that a Will may not necessarily have. In order for the Probate of a Will, a Will is usually filed with the court and can potentially therefore become public record. A Trust, on the other hand, does not necessarily have to be filed with the court. So, some of the benefits, or one of the benefits of a Trust, is that it can provide additional level of privacy for the settlor, that is the person that created the Trust.