Estate Planning with Wills
A will may be a more cost-effective estate planning tool than a trust up-front. However, wills go through probate, a process that may be costly and time-consuming. You may end up paying more in the long-run with a will-based estate plan than a trust-based estate plan. Notwithstanding the aforementioned, wills are definitely recommended over choosing not to have an estate plan at all, although trusts offer more benefits than wills.
Wills are basic estate planning tools to designate assets to go to particular individuals upon one's death.
Below is a list of some of the very valuable things a will can do: