“Will” and “Trust” are familiar terms in estate planning. Though they both can contribute to perfect an estate plan, these two devices are not alike in many different ways.
The first as well as the most important difference between a will and a trust is that a will goes into effect only after you die, while a trust takes effect as soon as you create it.

As a valuable document, a will should be kept in a safe place when it is completed. There are some recommended options that you might take

If you have not made an Enduring Power of Attorney while you have legal capacity, your relatives may not be able to handle your affairs informally.

The power of attorney is frequently used in the event of illness or disability, or when you can’t be present to sign necessary legal documents for financial transactions.

The Substitute Decision Maker (SDM) holds full power to make any personal decisions that the person who gave the Advance Care Directive .

A donee’s duties vary, depending on what types of powers the principal granted. Some main responsibilities of a POA donee can be named as below: