In this day and age when most families have assets worth more than $1 million, it is necessary to think about preparing a testamentary trust will instead of a simple will.
What is the difference? The main issue is asset protection especially from a failed marriage. There is also good tax savings.
Val Antoff from my office has prepared the attached slide for your reading pleasure.
Do send me an email if you have any questions at firstname.lastname@example.org