{"id":5886,"date":"2019-05-14T17:41:28","date_gmt":"2019-05-14T17:41:28","guid":{"rendered":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/?page_id=5886"},"modified":"2023-06-12T15:31:28","modified_gmt":"2023-06-12T15:31:28","slug":"what-is-the-difference-between-a-will-and-a-trust","status":"publish","type":"page","link":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/faq-videos\/estate-planning\/what-is-the-difference-between-a-will-and-a-trust\/","title":{"rendered":"What is the difference between a will and a trust?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; specialty=&#8221;on&#8221; _builder_version=&#8221;3.22&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; specialty_columns=&#8221;2&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_row_inner _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;4px|||&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column_inner saved_specialty_column_type=&#8221;2_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3>What is the difference between a will and a trust?<\/h3>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/ZMf6Jr5ejZk?rel=0\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><br clear='none'\/>\nThere are many differences between a will and a trust. One of the main differences, though, is that the will is only effective after you die. The trust is effective once you execute it. You can have provisions go \u2026 transferring title to your assets while you\u2019re alive, which makes it easier to transfer at your death. But another significant difference is a will must be probated, whereas a trust does not. And all you do is take that trust to a lawyer or the trustee that\u2019s named in it, and that\u2019s who handles things rather than a judge.<\/p>\n<p>[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_sidebar orientation=&#8221;right&#8221; area=&#8221;sidebar-1&#8243; admin_label=&#8221;TT &#8211; Sidebar&#8221; _builder_version=&#8221;3.0.96&#8243; global_module=&#8221;317&#8243; saved_tabs=&#8221;all&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_sidebar][\/et_pb_column][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; inner_shadow=&#8221;on&#8221; disabled_on=&#8221;off|off|off&#8221; module_class=&#8221;tt-footer&#8221; _builder_version=&#8221;3.15&#8243; custom_margin=&#8221;0px|||&#8221; custom_padding=&#8221;0px|||&#8221; global_module=&#8221;327&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; 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align_phone=&#8221;&#8221; align_last_edited=&#8221;on|desktop&#8221; admin_label=&#8221;TT &#8211; Footer Logo &#8211; 01&#8243; _builder_version=&#8221;3.23&#8243; max_width=&#8221;50%&#8221; max_width_tablet=&#8221;30%&#8221; max_width_phone=&#8221;&#8221; max_width_last_edited=&#8221;on|phone&#8221; module_alignment=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;2_3,1_3&#8243; make_equal=&#8221;on&#8221; module_class=&#8221;tt-footer-map-row&#8221; _builder_version=&#8221;4.5.7&#8243; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; module_class=&#8221;tt-footer-map-col-1&#8243; _builder_version=&#8221;3.0.47&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_code _builder_version=&#8221;4.14.8&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<iframe src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d3577.9970946839653!2d-81.8017368!3d26.261757699999997!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x88db1ec0b4dc58d7%3A0x79cf6f3a091bd24b!2s9955%20Tamiami%20Trail%20N%20%234%2C%20Naples%2C%20FL%2034108!5e0!3m2!1ses-419!2sus!4v1661885324657!5m2!1ses-419!2sus\" width=\"100%\" height=\"350\" style=\"border:0;\" allowfullscreen=\"\" loading=\"lazy\" referrerpolicy=\"no-referrer-when-downgrade\"><\/iframe>[\/et_pb_code][et_pb_map address=&#8221;800 Seagate Dr #202, Naples, FL 34103, USA&#8221; 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text_shadow_blur_strength_tablet=&#8221;1px&#8221; icon_font_size=&#8221;32px&#8221; global_colors_info=&#8221;{}&#8221;]<a href=\"tel:2392073403\">(239) 207-3403<\/a>[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;on|on|on&#8221; _builder_version=&#8221;4.5.7&#8243; disabled=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.0.47&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_code admin_label=&#8221;Header contact form, workaround for non rendering shortcode&#8221; module_id=&#8221;header-contact-form&#8221; global_colors_info=&#8221;{}&#8221;]<div role=\"form\" class=\"wpcf7\" id=\"wpcf7-f2968-o1\" lang=\"en-US\" dir=\"ltr\">\n<div class=\"screen-reader-response\"><\/div>\n<form method=\"post\" class=\"wpcf7-form\" novalidate=\"novalidate\">\n<div style=\"display: none;\">\n<input type=\"hidden\" name=\"_wpcf7\" value=\"2968\" \/>\n<input type=\"hidden\" name=\"_wpcf7_version\" value=\"5.1.6\" \/>\n<input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/>\n<input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f2968-o1\" \/>\n<input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/>\n<input type=\"hidden\" name=\"_wpcf7cf_hidden_group_fields\" value=\"\" \/>\n<input type=\"hidden\" name=\"_wpcf7cf_hidden_groups\" value=\"\" \/>\n<input type=\"hidden\" name=\"_wpcf7cf_visible_groups\" value=\"\" \/>\n<input type=\"hidden\" name=\"_wpcf7cf_options\" value=\"{&quot;form_id&quot;:2968,&quot;conditions&quot;:[],&quot;settings&quot;:false}\" \/>\n<input type=\"hidden\" name=\"g-recaptcha-response\" value=\"\" \/>\n<\/div>\n<p><label for=\"your-name\">Your Name<\/label> <span style=\"color:red;\">*<\/span><br \/>\n    <span class=\"wpcf7-form-control-wrap your-name\"><input type=\"text\" name=\"your-name\" value=\"\" size=\"40\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" id=\"your-name\" aria-required=\"true\" aria-invalid=\"false\" \/><\/span> <\/p>\n<p><label for=\"your-email\">Your Email<\/label> <span style=\"color:red;\">*<\/span><br \/>\n    <span id=\"wpcf7-69e77b099f1e9\" class=\"wpcf7-form-control-wrap email-wrap\" style=\"display:none !important; 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custom_padding=&#8221;|||&#8221; custom_css_main_element=&#8221;margin:auto;&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_button button_url=&#8221;https:\/\/lp.constantcontactpages.com\/su\/PtPuQU3&#8243; url_new_window=&#8221;on&#8221; button_text=&#8221;Sign Up&#8221; button_alignment=&#8221;right&#8221; button_alignment_tablet=&#8221;left&#8221; button_alignment_phone=&#8221;left&#8221; button_alignment_last_edited=&#8221;on|phone&#8221; _builder_version=&#8221;4.14.8&#8243; _module_preset=&#8221;default&#8221; custom_button=&#8221;on&#8221; button_text_size=&#8221;22px&#8221; button_text_color=&#8221;#FFFFFF&#8221; button_bg_color=&#8221;#DD3333&#8243; button_border_color=&#8221;#DD3333&#8243; custom_margin_tablet=&#8221;20px||||false|false&#8221; custom_margin_phone=&#8221;20px||||false|false&#8221; custom_margin_last_edited=&#8221;on|tablet&#8221; custom_padding=&#8221;10px|40px|10px|40px|true|true&#8221; global_colors_info=&#8221;{}&#8221; button_text_color__hover_enabled=&#8221;on|hover&#8221; button_text_color__hover=&#8221;#000000&#8243; button_bg_color__hover_enabled=&#8221;on|hover&#8221; button_bg_color__hover=&#8221;#FFFFFF&#8221; button_bg_enable_color__hover=&#8221;on&#8221; button_border_color__hover_enabled=&#8221;on|hover&#8221; button_border_color__hover=&#8221;#FFFFFF&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the difference between a will and a trust? There are many differences between a will and a trust. One of the main differences, though, is that the will is only effective after you die. The trust is effective once you execute it. You can have provisions go \u2026 transferring title to your assets [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":0,"parent":5630,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"[et_pb_section bb_built=\"1\" specialty=\"on\" next_background_color=\"#000000\" _builder_version=\"3.15\"][et_pb_column type=\"2_3\" specialty_columns=\"2\"][et_pb_row_inner _builder_version=\"3.15\" custom_padding=\"4px|||\"][et_pb_column_inner type=\"4_4\" saved_specialty_column_type=\"2_3\"][et_pb_text _builder_version=\"3.15\"]\r\n\r\n<h3>Are there any special considerations when you are buying a home from a builder?<\/h3>\r\n<p><iframe width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/xTI2niFPIVs?rel=0\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe><br \/>\r\nWhen you\u2019re buying a home from a builder, one of the first things you should consider is to make sure you have the money to purchase that home. If you\u2019re relying on financing to purchase the home from the builder, your deposit that\u2019s made up front is put at risk within a number of days. So make sure that you have your financing in place when you\u2019re buying a home from a builder.<\/p>\r\n<p>You should also consider the other fees that are customarily paid by a seller. For instance, when you buy the home from a builder, the transfer tax in the state of Florida, which is based on the purchase price of the home, often a seller expense, is a buyer\u2019s expense when you buy from a builder. So you need to make sure you know what your closing costs are going to be and that you have the financing to purchase that home.<\/p>\r\n\r\n[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=\"1_3\"][et_pb_sidebar admin_label=\"TT - Sidebar\" _builder_version=\"3.0.96\" area=\"sidebar-1\" orientation=\"right\" show_border=\"on\" background_layout=\"light\" box_shadow_blur=\"18px\" box_shadow_color=\"rgba(0,0,0,0.2)\" box_shadow_horizontal=\"0px\" box_shadow_vertical=\"2px\" box_shadow_spread=\"0px\" saved_tabs=\"all\" global_module=\"317\" \/][\/et_pb_column][\/et_pb_section][et_pb_section bb_built=\"1\" _builder_version=\"3.15\" module_class=\"tt-footer\" prev_background_color=\"#000000\" disabled=\"off\" disabled_on=\"off|off|off\" custom_margin=\"0px|||\" custom_padding=\"0px|||\" global_module=\"327\"][et_pb_row _builder_version=\"3.0.96\"][et_pb_column type=\"4_4\"][et_pb_text admin_label=\"TT - Our Partners\" _builder_version=\"3.0.96\" background_layout=\"light\" text_orientation=\"center\"]\r\n\r\n<h3 class=\"tt-section-header\">Our Partners<\/h3>\r\n\r\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=\"3.0.96\"][et_pb_column type=\"1_2\"][et_pb_image admin_label=\"TT - Footer Logo - 02\" _builder_version=\"3.15\" src=\"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-content\/uploads\/sites\/113\/2019\/05\/the_fund_logo1.png\" align=\"center\" max_width=\"90%\" max_width_tablet=\"80%\" max_width_phone=\"70%\" max_width_last_edited=\"on|tablet\" module_alignment=\"center\" custom_margin=\"-50px|||\" custom_margin_tablet=\"0px|||\" custom_margin_last_edited=\"on|tablet\" \/][\/et_pb_column][et_pb_column type=\"1_2\"][et_pb_image admin_label=\"TT - Footer Logo - 01\" _builder_version=\"3.15\" src=\"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-content\/uploads\/sites\/113\/2019\/05\/Westcor_Color_Logo.jpg\" align=\"center\" max_width=\"90%\" max_width_tablet=\"80%\" max_width_phone=\"70%\" max_width_last_edited=\"on|phone\" module_alignment=\"center\" \/][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=\"3.0.96\" module_class=\"tt-footer-map-row\" module_class_1=\"tt-footer-map-col-1\" module_class_2=\"tt-footer-map-col-2\" make_equal=\"on\"][et_pb_column type=\"2_3\"][et_pb_map admin_label=\"TT - Map\" _builder_version=\"3.15\" address=\"800 Seagate Dr #202, Naples, FL 34103, USA\" zoom_level=\"15\" address_lat=\"26.2108822\" address_lng=\"-81.80196039999998\"][et_pb_map_pin _builder_version=\"3.15\" title=\"Goodwin Law, P.A.\" pin_address=\"800 Seagate Dr #202, Naples, FL 34103, USA\" pin_address_lat=\"26.2108822\" pin_address_lng=\"-81.80196039999998\" zoom_level=\"18\"]\r\n\r\n800 Seagate Dr\r\nSte 202,\r\nNaples, FL 34103\r\n\r\n[\/et_pb_map_pin][\/et_pb_map][\/et_pb_column][et_pb_column type=\"1_3\"][et_pb_blurb admin_label=\"TT - Footer - Address\" _builder_version=\"3.15\" title=\"Our Location\" use_icon=\"on\" font_icon=\"%%249%%\" icon_color=\"#000080\" icon_placement=\"left\" header_font=\"|700|||||||\" header_font_size=\"30\" header_level=\"h2\"]\r\n\r\n800 Seagate Dr\r\nSte 202,\r\nNaples, FL 34103\r\n\r\n[\/et_pb_blurb][et_pb_blurb admin_label=\"TT - Footer - Open Hours\" _builder_version=\"3.15\" title=\"Open Hours\" use_icon=\"on\" font_icon=\"%%227%%\" icon_color=\"#000080\" icon_placement=\"left\" header_font=\"|700|||||||\" header_font_size=\"30\" header_level=\"h2\"]\r\n\r\n<p><strong>Mon-Fri:<\/strong> 8:00am - 5:00pm<br><strong>Weekends:<\/strong> By Appointment<\/p>\r\n\r\n[\/et_pb_blurb][et_pb_blurb admin_label=\"TT - Footer - Contact Us\" _builder_version=\"3.15\" title=\"Contact Us\" use_icon=\"on\" font_icon=\"%%264%%\" icon_color=\"#000080\" icon_placement=\"left\" header_font=\"|700|||||||\" header_font_size=\"30\" header_level=\"h2\"]\r\n\r\n<a href=\"tel:2392073403\">(239) 207-3403<\/a>\r\n\r\n[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section]","_et_gb_content_width":""},"_links":{"self":[{"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/pages\/5886"}],"collection":[{"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/comments?post=5886"}],"version-history":[{"count":3,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/pages\/5886\/revisions"}],"predecessor-version":[{"id":6745,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/pages\/5886\/revisions\/6745"}],"up":[{"embeddable":true,"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/pages\/5630"}],"wp:attachment":[{"href":"https:\/\/localwebdesigncompany.com\/goodwinlaw\/wp-json\/wp\/v2\/media?parent=5886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}