If you’re wondering what kind of estate plan is right for you, you might be feeling overwhelmed with all of the information out there about the different options you have. It can be hard sifting through all of the details to get to the bottom line.

Basically, the kind of estate plan that will work for you depends on your priorities. Beneficiary designations like Transfer on Death and Payable on Death will accomplish some things and not others. Wills and trusts have different attributes, so one may be better for you than the other. Different estate planning tools accomplish different things, so you need to determine what you want your estate plan to do before you can know which kind is right for you.

We’ve created the comparison chart below to help you.

If you’d like to schedule a free initial estate planning consultation with one of our attorneys, you can request an appointment.