Wills and trusts
Legal instruments used in estate planning to manage and distribute assets after death. Wills specify how a person's assets and affairs will be handled, including the appointment of guardians for minor children and executors for the estate, while trusts involve a trustee managing assets for the benefit of beneficiaries, potentially avoiding probate and providing privacy. These tools are essential for individuals seeking to ensure their wishes are carried out and their loved ones are provided for.