Living trusts are incredibly useful estate planning tools, but they can’t take care of everything. You cannot use a trust to assign guardians for your minor children: You need a will to do that. You may also have assets that shouldn’t be included in a trust - retirement accounts, and health savings accounts, life insurance and motor vehicles, for instance. There are many more details to establishing a living trust. You may benefit from professional advice from an estate planning lawyer in Fort Collins, CO.