What’s the difference between having a “Will” and a “Living Trust”?

If you a person dies with a only a will, then they will likely have to hire an attorney to file for the probate of that will in state court.  In addition to the additional expenses of probate court costs and attorney fees, there is a delay in making your assets available to your loved ones until the conclusion of the probate case.  With a revocable trust, these costs and delays are avoided and control of your remains in the hands of those you trust.