If you own a home, have kids, or are building wealth, you’ve probably wondered — do I need a will or a living trust? The truth is, the difference could mean the world to your family’s future. While a will outlines who gets what after you’re gone, a living trust ensures your loved ones avoid months of probate court, costly legal fees, and unnecessary stress.

In this guide, we break down the key differences between a will and a living trust, real-life examples of what happens when families only have one versus the other, and how young homeowners can protect their property, privacy, and peace of mind. Whether you’ve just bought your first home or own properties in multiple states, understanding these two essential estate planning tools could save your family time, money, and heartache.