Today, I’ll answer one of the questions I hear most often: How big does my estate need to be to justify setting up a trust? You might think you need a million-dollar estate to consider a trust, but that’s not always the case. The real deciding factors are the types of assets you own, your goals, and whether you’d like to avoid probate. In this video, I explain how a revocable living trust can help keep your estate out of probate, saving time and costs for your loved ones. I’ll also discuss why even smaller estates might benefit from a trust—especially if you own property in multiple states, have minor children, or have beneficiaries who could benefit from asset protection.

Key takeaways:

• Understand what probate is and how a trust can help you avoid it.

• Learn why a trust can be useful for estates of various sizes.

• Find out when a will might be enough to protect your assets and wishes.