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Send us a text (https://www.buzzsprout.com/twilio/tex...) Scott Heisey, Stewart Title's Vice President and Manager of the firm's Trust Department, recently sat down with Pat Kapowich to discuss the difference between trust and probate and between a will and a trust. Heisey explained that when a person dies intestate (without a will), their assets are distributed according to state law. However, if a person dies testate (with a will), their assets are distributed according to the terms of their will. Heisey also explained that a trust is an arrangement whereby a trustee holds and manages property for the benefit of another person, known as the beneficiary. A trust can be either revocable or irrevocable. A revocable trust can be amended or revoked by the settlor (the person who created the trust), while an irrevocable trust cannot be amended Guest: Scott Heisey Company Name: Stewart Title of California, Inc. Email: Scott.Heisey@Stewart.com (mailto:Scott.Heisey@Stewart.com) Phone: Cell: 408-489-5288 Host Pat Kapowich is a Certified Real Estate Brokerage Manager and career-long consumer protection advocate. Santa Clara County Association of Realtors 'President's Choice Award' "For demonstrating principles of good real estate practice; promoting and protecting home ownership and property rights; and distinguished service to members and the community." Industry Designations Earned • Certified Residential Specialist (CRS) • Accredited Buyer's Representative (ABR) • Graduate, REALTOR® Institute (GRI) • Seniors Real Estate Specialist (SRES) • Certified Trust & Probate Specialist (CTPS) Since 1988, regardless of market cycles, Pat maintains a median of 9 days on market for single-family homes and 8 days for condos/townhomes. Media & Publishing Covered by or written for: The Wall Street Journal, San Jose Business Journal, San Jose Mercury News, East Bay Times, Broker/Agent Magazine, Bay Area News Group, and California Association of Realtors Magazine. Pat is a lifelong resident of Silicon Valley, California. Office: 408-245-7700 | Email: Pat@SiliconValleyBroker.com (mailto:Pat@SiliconValleyBroker.com) | License: Broker# 00979413 Real-time market data: https://www.siliconvalleybroker.com/m...