Revocable Trusts and Wills serve many of the same purposes. The major difference between wills and trusts is a trust is active during your lifetime, while a will takes effect after your lifetime. However, there are a few other marquee differences between the two that must be considered before choosing which to make as part of your estate planning. Delegation Ability. Revocable trusts allow you to pass on assets and other items during your lifetime. While revocable trusts may

One question I am often asked is what is the difference between a S-Corporation (a corporation that elects to be taxed as a partnership, otherwise known as S-Corp) and a LLC? There are a few major differences that may be able to help you select the appropriate entity for your business. Please remember that this advice is for people starting businesses in Texas only. 1. Taxation. Both LLCs and S-corps receive "pass-through tax status," meaning the entities are not taxed at a c