Compare trusts of wills

Wills and trusts are different means of disposal of the real and personal property. Key differences include who has ownership of the property if you take effect and the parties concerned. DefinitionsA is described as a person, called the deceased assets should be distributed if the testator dies. The deceased was what is called a testamentary gift to one or more recipients. After this obligation by the approval of the beneficiary has right to the property.ComparisonUnlike will, a trust is created when the owner of the property - called a part - managed legal title of transfer to a trustee of the property to a recipient. The property is transferred means trust Res. In contrast to the beneficiary of a will, the beneficiary of a trust invokes no res complete confidence once.DistinctionsAccording claims the ' law library, a will is effective after the death of the deceased. A trust relationship is effective, as the farmer wants. When the trust for the life of the component is created, it will trust a testamentary called. When confidence in a will is created, it will trust a testamentary called.