Yes. Your will affects any assets which, for one reason or another, were held in your name alone at your death and not in your living trust or in some other form of ownership. With the living trust, your will usually contains as its primary provision for the distribution of you estate, a “pour over” provision, which simply directs that any assets held in your name be transferred at your death to your living trust. Of course, a probate is not avoided with respect to those assets which are transferred to your living trust by your will. However, since the cost of probate is determined by some measure on the value of the assets being probated, the cost to probate these items will likely be much less.

Your will may also nominate the guardians of the person and estate of your minor children, to care and provide for them.