Are there any times when I might need a trust?

Yes, while most people can easily avoid probate without a trust, there are many reasons why a trust could be beneficial. For instance, if you own out of state real estate that is in a jurisdiction that does not allow lady bird deeds, a trust would allow you to avoid having to open up multiple probates in different states. If you want to plan for multigenerational control of your wealth, a trust can be a great vehicle. If you have minor children a trust can be a good vehicle manage their assets until you feel they would be old enough to begin taking care them. We generally recommend building this trust into a last will and testament. This would allow your children to remain protected, but would not force you to retitle all of your assets and manage a trust for the rest of your life. We are always available to discuss this further if you would like to discuss your unique situation and the benefits and drawbacks of a trust.