Will vs. Trust: What Tech Professionals Need to Know

Image by Getty Images

In the fast-paced world of technology, you’re used to building systems that scale, secure data, and operate efficiently. But when it comes to your personal legacy, are you using the right tools?

Understanding the difference between a will and a trust isn’t just for the ultra-wealthy—it’s a smart move for anyone who values control, privacy, and long-term planning. That includes you, tech pros.

What Is a Will?

A will is a legal document that outlines how your assets should be distributed after your death. It can also name guardians for minor children and an executor to carry out your wishes.

Key features of a will:

• Goes through probate, a public court process

• Only takes effect after your death

• Can be contested

• Useful for basic estate planning

Think of a will like writing code that only runs after the system shuts down—and it has to be debugged in public court first.

What Is a Trust?

A trust is a legal entity you create to hold and manage your assets, both during your life and after death. You name a trustee (which can be yourself) to manage the trust based on the rules you set.

Key features of a trust:

• Avoids probate, saving time and legal fees

• Keeps your affairs private

• Can manage assets during your lifetime (in case of illness/incapacity)

• Offers more control and protection

For tech minds, think of a trust like automated infrastructure—you deploy it now, it runs silently in the background, and it responds instantly when needed.

Which One Should You Choose?

For many tech professionals, a revocable living trust offers more flexibility and privacy—especially if you:

• Own digital assets (crypto, domains, online businesses)

• Travel or live abroad

• Want to avoid probate delays for loved ones

• Prefer automation and control

That said, a will still plays an important role—especially for naming guardians and handling any assets not included in a trust.

Final Thoughts

You wouldn’t leave your code unprotected or your data without a backup—so don’t leave your legacy up to chance. Whether you need a will, a trust, or both, the best approach is one that reflects your unique goals, assets, and family needs.

Download our free Estate Planning Guide for Tech Professionals to get started.

Or better yet—book a COMPLIMENTARY Peace of Mind Session to see which strategy fits your life now and in the future.