Many of us have thought about protecting our loved ones in the awful event of becoming severely incapacitated or dying. You may have thought about various aspects of estate planning such as protecting property for certain family members, the management of that property or reducing the associated tax burden. Two common tools that are associated with estate planning are a will and a living trust. Even if you're in your 30s, and especially if you have a family, you may want to create a will or a living trust to give you piece of mind. What are some of the key differences between these two devices?