Will, Donation, or Sale

INDEED, it's pretty confusing at first. When I took the program and examination on Chartered Trust and Estate Planner a few years back, my brain got perplexed with legal terminologies. It is imperative to learn and comprehend correctly the provision of laws pertaining to Estate Planning. I was thinking, what's the difference between all these tools? If the goal is to transfer the asset ownership to the desired "heirs" (person called to the succession), then choosing from any tools won't matter, isn't it?

Each life chapter and scenario is unique, whereby there is no "one size fits all." The will, donation, or sale is an Estate Planning Tool. A person's life stages and priorities constantly change and demand a distinct planning approach.