Sure, everyone has an estate of one kind or another—property they want to pass along. But do you need a trust? Trusts are just for extraordinarily wealthy folks, to avoid estate tax or benefit “trust fund babies,” right?
Not so fast.
The fact is, most of us want to pass our estates to our loved ones directly when we die—and for some people this function is satisfied by use of a simple (or not-so-simple) will. But owners of some estates falling in the “less than obscenely wealthy” category may still benefit from creating a trust.
