2006-12-27 11:33:12 · 3 answers · asked by SHANDYBASS 1 in Family & Relationships ➔ Marriage & Divorce
A deed of trust and a will are totally different things.
A deed of trust is a legal document used where you are setting up a trust and are gifting your assets to the trust. You personally then loose ownership of the assets as they now belong in perpetuity to the trust.
A will is what you write to distribute your assets in accordance with your wishes after your death.
If you paid 500 for a deed of trust without knowing the difference between that and a will then I suggest that you have a very long chat with your solicitor.
2006-12-27 18:15:39 · answer #1 · answered by Billybean 7 · 0⤊ 0⤋
I think they are similar but not the exact same thing. I believe the deed of trust has more power than a will. If there are people gonna be fighting over your stuff when you die, the deed of trust will be harder to fight. That's what I've experienced anyway.
2006-12-27 11:40:32 · answer #2 · answered by Carson Brooks 2 · 0⤊ 0⤋
. . . is this like "the cheque is in the post" ? . . .
2006-12-27 11:36:26 · answer #3 · answered by Astra 6 · 0⤊ 0⤋