When most people think of providing for their loved ones after they are gone, they first think of a will. Although Living Trusts are becoming more and more common today, many people still opt for a will. The key disadvantage to having a will over a living trust is that a trust allows one to avoid costly and time consuming probate. On the other hand, the drafting of a will is simpler and generally less expensive. Depending on the makeup of your assets and your concerns regarding the length and cost of probate, a will may be best suited to your needs. Ultimately, whether you choose a will or a living trust, you provide instruction as to how your assets will be distributed. This is the key goal in estate planning.