We have learned about trusts and will draft an irrevocable trust. We have also learned about wills and drafted a simple will, as well as learned what happens when someone passes away without a will or any instrument outlining his/her wishes after passing. Based on this knowledge, I need help to create a substantial discussion post about the benefits and the disadvantages of each estate planning method and which instrument/estate planning method is most beneficial overall and why.

This discussion needs to include:

Comparison of the benefits and disadvantages of each.

The various kinds of instruments are available for each (both a trust and a will).