The area of law that deals with planning for the inevitability of death, such as obtaining life insurance to pay for the costs of a funeral, preparing a simple Will, and other preparations. More comprehensive planning, such as preparing a more complex Will, Trust, and related estate planning documents may also be needed. It depends on the size of your estate and how comprehensive your needs are.

 

Probate
The area of law dealing with the validity of wills, administration of estates and sometimes over the affairs of minors and persons adjudged incompetent.

 

Trust
The area of law that creates a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property.

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» Stephen W. Cavanaugh