What Should Parents Know About Will Vs Trust?

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Parents researching Will Vs Trust may have additional considerations, particularly when minor children are involved. One important point I discovered is that a will can nominate a guardian for minor children, which is a major reason parents may need one even if they also establish a trust. A trust can then provide instructions about managing assets for beneficiaries and potentially distributing money over time rather than immediately. I’m curious how parents approach this combination. If you have children, did guardianship influence your estate-planning decisions? What other factors did you consider when preparing your documents?