Trusts are often used in estate planning to take advantage of favorable tax treatment to place conditions on the use or distribution of assets or to allow the heirs to take possession of assets without a probate proceeding the trustee holds the assets in a fiduciary capacity. Buy wills trusts and estate planning 2020 2021 ed texas practice guide at legal solutions from thomson reuters get free shipping on law books. According to a recent survey 64 percent of americans have not made a will the phrase estate planning may sound like an exercise for the very rich but thanks to the complicated nature of the us legal system even people with modest assets need a written document or will that specifies how those assets will be distributed upon their death. Estate planning 101 your guide to wills trusts and all your end of life documents its never too early to start working on how your things will be handled once you pass away. Most estate plans have both a will and one or more trusts usually one is more important than the other and serves as the foundation of the estate plan with the majority of the estate passing
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