What is the difference between a will and a living trust?

What is the difference between living trust and a will? A will directs probate distribution at death. A revocable living trust holds assets during life and avoids probate for funded assets at death via successor trustee administration. ^[1][2][3] Living will confusion What is the difference between living will and living trust—a living will (advance directive) is healthcare instructions, not a wealth-transfer trust. Revocable vs irrevocable Revocable trusts allow changes; irrevocable trusts serve tax and asset protection goals with tradeoffs. Pour-over will Often paired with a trust to sweep unfunded assets into the trust. Cost Trust planning costs more upfront but may save probate time and fees. ^[1][2][3]