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If your estate is pretty simple, that may be the best option. But you may also want to consider a living trust. If you're not familiar with a living trust, it's a legal agreement that allows you ...

While you could use a will to pass down assets, there are advantages to choosing a living trust. These include a potentially quicker transfer of assets and the protection of your family's privacy.

If your estate is pretty simple, that may be the best option. But you may also want to consider a living trust. Image source: Getty Images. If you're not familiar with a living trust, it's a legal ...

A trust deducts the income that's distributed on its tax return and issues the beneficiary a Schedule K-1 tax form when it makes a distribution. The K-1 indicates how much of the beneficiary's ...