Different people have different reasons for using multiple trusts. However, it is fair to point out that the vast majority of my clients only use one or two trusts. Let’s discuss the options. A single trust is quite sufficient for a family that has no desire to achieve asset protection, and no need to protect the beneficiaries from one another. For instance, if your estate is simple and your family is small, a simple revocable living trust will likely be your first choice.