Episode Summary In this episode of Leaving a Legacy, estate planning attorney Rose Harper breaks down the key differences between wills and trusts, helping you determine which option best suits your needs. Rose explains how probate can impact your estate, the advantages of trusts for business owners and parents, and why having a comprehensive estate plan is crucial. She also discusses the responsibilities of a trustee vs. an executor, the importance of properly funding a trust, and why many people benefit from having both a will and a trust. Episode Timestamps 00:00 – Introduction 00:40 – Wills vs. Trusts: Key Differences 02:15 – The Probate Process and Its Challenges 03:06 – Factors to Consider When Choosing a Will or Trust 04:23 – How Assets Are Distributed Under a Will vs. a Trust 07:49 – The Real Cost of Probate and Why Trusts Can Save Time and Money 11:07 – When a Trust Is Better: Business Owners, Parents, and Complex Estates 13:08 – Responsibilities of a Trustee vs. an Executor 14:57 – Should You Have Both a Will and a Trust? 15:47 – Closing Thoughts & How to Connect with Rose Harper About the Show Leaving a Legacy – Navigating Estate Planning with Rose Harper Law is your go-to podcast for understanding the ins and outs of estate planning, wills, trusts, probate, and protecting your family's future. Hosted by leading estate planning attorney Rose Harper, each episode provides valuable insights to help you make informed decisions about your legacy.