From Smartasset.com…..
No one likes to think about dying but when it comes to managing your finances, you have to be prepared for the inevitable. Having a solid estate plan in place can ensure that your family is taken care of after you’re gone. A last will and testament and a living trust are two useful tools you can use to form your estate plan. If you don’t have a lot of assets or you plan to leave everything to your spouse, a will may be enough. A living trust lets you dictate how your assets are handled before and after you die, but whether or not you need one depends on several factors.
