While it is more desirable to begin estate planning early and have a comprehensive scheme in place, it is never too late to begin the process, and a will is a good foundational document to start with. And in fact, for some Pennsylvania residents, a will may be all they need. However, estate planning can be thought of as preparing for what could happen, not necessarily what is likely to happen. A will can achieve much of what many people need, but there may be better ways to get there.
Differences between trusts and wills
Lots of people in Pennsylvania utilize trusts as part of their estate plans. However, many still don't quite understand how a trust differs from a will.
