If you’re starting to think about estate planning, you’ve probably come across two common methods of passing wealth and belongings to someone else — trusts and wills. However, there are big differences between these two documents, especially when it comes to when and how your assets are distributed.

It’s worth noting that the laws regarding trusts and wills vary by state, so you should consult an estate planning attorney or expert in your state on the specifics. That said, both trusts and wills have some features that remain the same no matter where you live. We break down the main differences between these two legal tools, including who they’re for, how they function, and the types available

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