This depends. For the vast majority of people, a trust is very important for a variety of reasons. Protect Your Family. In the event something happens to you, your family needs to be taken care of. They need to be protected from creditors, the government, themselves, and even friends and family. This last part may sound odd to some, but even if everyone in your family is a terrific, trustworthy person, you still know what’s best for your children. A trust may be a good tool to ensure that the money you leave to your family is spent in the right way, for the right purpose. Save Money by Avoiding Probate. It is important to avoid probate because probate can be very expensive. This expense will be in the form of attorney and court fees. More often than not, these fees will be in far excess of the cost of creating a good estate plan. Any money you save will be money that your family may benefit from, and from our perspective, taking care of your family is the most important. Avoid Taxes. We are not evading taxes, which would be illegal; rather, we are navigating around them through thoughtful planning. The more taxes you avoid the more money you keep in your pocket. Our approach is twofold; (1) we utilize existing laws regarding the transfer of assets, and (2) carefully consider not only where the law is currently, but also where it’s going to be. This second approach requires us to go above and beyond in our research and expertise of the current legal environment on both a state and federal level. We are happy to do this so that our clients come out ahead. Please feel free to ask us about this approach during your consultation.