{"id":10118,"date":"2016-04-19T20:18:19","date_gmt":"2016-04-19T20:18:19","guid":{"rendered":"http:\/\/www.tampabaylawgroup.com\/?p=10118"},"modified":"2016-04-19T20:18:19","modified_gmt":"2016-04-19T20:18:19","slug":"estate-planning-living-trust-will","status":"publish","type":"post","link":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/","title":{"rendered":"Estate Planning | Difference Between A Living Trust And Living Will"},"content":{"rendered":"

Estate Planning | Difference Between A Living Trust And Living Will<\/b><\/h2>\n

Estate Planning |<\/a>\u00a0<\/b>What happens to property belonging to a deceased person is largely a matter of a process called Estate Planning. It is handled legally through a legal procedure called probate. After a person dies, their affairs are concluded according to that person’s wishes recorded in a will. Some people choose to establish a living trust instead of a will, so their affairs can be actively governed after they pass away. The difference between these two legal arrangements depends on whether the person’s estate undergoes a process called probate. <\/span><\/p>\n

\u00a0<\/b><\/p>\n

The Will<\/strong> <\/span><\/h3>\n

\u00a0<\/b><\/p>\n

A properly drafted and authenticated will is a legal document that determines what happens to the property of a person after they pass away. The process is usually supervised by an executor, who is a person with a fiduciary responsibility to carry out the instructions in the will. Estates with a will usually go through probate, which is a process carried out by a court of law to make certain that the estate is protected and the will is lawfully executed.<\/span><\/p>\n

\u00a0<\/b><\/p>\n

The Living Trust<\/strong> <\/span><\/h3>\n

\u00a0<\/b><\/p>\n

A trust is a legal entity that must be established by a person before they pass away as part of their estate planning. The property they wish to pass on to their beneficiaries is transferred to the trust, and then administrated by a trustee for the benefit of those the deceased wishes to name as beneficiaries. Trusts are generally only useful for the management of an estate’s property. They can’t be used to appoint guardians for children or leave instructions on how debts or taxes should be paid.<\/span><\/p>\n

\u00a0<\/b><\/p>\n

The primary difference between a living trust and a will is that the trust can both avoid probate entirely and maintain a certain level of privacy for the deceased and his or her family. <\/span><\/p>\n

\u00a0<\/b><\/p>\n

The Living Will<\/strong> <\/span><\/h3>\n

\u00a0<\/b><\/p>\n

When a person wishes to leave instructions regarding their ongoing medical treatment in the event of an accident or emergency, they can draft and file a document called a “living will.” The idea of the document is to communicate the will of the person while they are still alive but unable to manage their affairs or respond to questions regarding their wishes. In this way a living will is considered a specialized type of will.<\/span><\/p>\n

 <\/p>\n

\n
\n
\n
\n
Don\u2019t wait! We can assist you with all of your estate planning legal needs. Call to schedule an appointment with one of the lawyers in our Tampa office<\/a> at 813-367-1500 or\u00a0send us your questions online<\/a>.<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

Estate Planning | Difference Between A Living Trust And Living Will Estate Planning |\u00a0What happens to property belonging to a […]<\/p>\n","protected":false},"author":1,"featured_media":10128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[858],"tags":[859],"class_list":["post-10118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estate-planning","tag-estate-planning"],"yoast_head":"\nEstate Planning | Living Will and Living Trust | Tampa<\/title>\n<meta name=\"description\" content=\"Estate Planning | Call to schedule an appointment with one of the lawyers in our Tampa office at 813-367-1500 or\u00a0send us your questions online.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Estate Planning | Difference Between A Living Trust And Living Will\" \/>\n<meta property=\"og:description\" content=\"Estate Planning | Call to schedule an appointment with one of the lawyers in our Tampa office at 813-367-1500 or\u00a0send us your questions online.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/\" \/>\n<meta property=\"og:site_name\" content=\"MMG Resources\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-19T20:18:19+00:00\" \/>\n<meta name=\"author\" content=\"MediaBeast\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MediaBeast\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/\"},\"author\":{\"name\":\"MediaBeast\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\"},\"headline\":\"Estate Planning | Difference Between A Living Trust And Living Will\",\"datePublished\":\"2016-04-19T20:18:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/\"},\"wordCount\":434,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"estate planning\"],\"articleSection\":[\"Estate Planning\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/\",\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/\",\"name\":\"Estate Planning | Living Will and Living Trust | Tampa\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-04-19T20:18:19+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\"},\"description\":\"Estate Planning | Call to schedule an appointment with one of the lawyers in our Tampa office at 813-367-1500 or\u00a0send us your questions online.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/estate-planning-living-trust-will\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Estate Planning | Difference Between A Living Trust And Living Will\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#website\",\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/\",\"name\":\"MMG Resources\",\"description\":\"Company Portal\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/#\\\/schema\\\/person\\\/f1e4fbc14f15dffe99af02d0efb60287\",\"name\":\"MediaBeast\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm\",\"url\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm\",\"contentUrl\":\"\\\/\\\/www.gravatar.com\\\/avatar\\\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm\",\"caption\":\"MediaBeast\"},\"url\":\"https:\\\/\\\/themediabeast.com\\\/resources\\\/author\\\/mediabeast\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Estate Planning | Living Will and Living Trust | Tampa","description":"Estate Planning | Call to schedule an appointment with one of the lawyers in our Tampa office at 813-367-1500 or\u00a0send us your questions online.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/","og_locale":"en_US","og_type":"article","og_title":"Estate Planning | Difference Between A Living Trust And Living Will","og_description":"Estate Planning | Call to schedule an appointment with one of the lawyers in our Tampa office at 813-367-1500 or\u00a0send us your questions online.","og_url":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/","og_site_name":"MMG Resources","article_published_time":"2016-04-19T20:18:19+00:00","author":"MediaBeast","twitter_card":"summary_large_image","twitter_misc":{"Written by":"MediaBeast","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/#article","isPartOf":{"@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/"},"author":{"name":"MediaBeast","@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287"},"headline":"Estate Planning | Difference Between A Living Trust And Living Will","datePublished":"2016-04-19T20:18:19+00:00","mainEntityOfPage":{"@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/"},"wordCount":434,"commentCount":0,"image":{"@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/#primaryimage"},"thumbnailUrl":"","keywords":["estate planning"],"articleSection":["Estate Planning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/","url":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/","name":"Estate Planning | Living Will and Living Trust | Tampa","isPartOf":{"@id":"https:\/\/themediabeast.com\/resources\/#website"},"primaryImageOfPage":{"@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/#primaryimage"},"image":{"@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/#primaryimage"},"thumbnailUrl":"","datePublished":"2016-04-19T20:18:19+00:00","author":{"@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287"},"description":"Estate Planning | Call to schedule an appointment with one of the lawyers in our Tampa office at 813-367-1500 or\u00a0send us your questions online.","breadcrumb":{"@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/themediabeast.com\/resources\/estate-planning-living-trust-will\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/themediabeast.com\/resources\/"},{"@type":"ListItem","position":2,"name":"Estate Planning | Difference Between A Living Trust And Living Will"}]},{"@type":"WebSite","@id":"https:\/\/themediabeast.com\/resources\/#website","url":"https:\/\/themediabeast.com\/resources\/","name":"MMG Resources","description":"Company Portal","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/themediabeast.com\/resources\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/themediabeast.com\/resources\/#\/schema\/person\/f1e4fbc14f15dffe99af02d0efb60287","name":"MediaBeast","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm","url":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm","contentUrl":"\/\/www.gravatar.com\/avatar\/2f2d8caf201e84c7b1c6349c85ac5699?s=96&r=g&d=mm","caption":"MediaBeast"},"url":"https:\/\/themediabeast.com\/resources\/author\/mediabeast\/"}]}},"_links":{"self":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts\/10118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/comments?post=10118"}],"version-history":[{"count":0,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/posts\/10118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/media?parent=10118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/categories?post=10118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/themediabeast.com\/resources\/wp-json\/wp\/v2\/tags?post=10118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}