How To Choose Between A Trust Or Will
Do you need a trust if you already have a will? It depends on your estate's size, explains estate attorney Andrew Dósa. Once assets exceed $100,000 in Washington or about $210,000 in California, probate applies—so a trust is worth considering. A properly funded trust carries the same distribution plan a will would, but skips probate's cost, delay, and public exposure.
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Answered by Andrew Dósa · Tacoma, WA and Oakland, CA
Highlights
— the asset threshold where a trust becomes worth having over a will
Frequently Asked Questions
Do you need a trust if you have a will?
It depends on your estate's size—once assets exceed about $100,000 in Washington or $210,000 in California, probate applies, so a trust becomes worth considering to carry the same distribution plan while skipping probate's cost, delay, and public exposure.
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