I frequently am asked by prospective estate planning clients, "Do I need a trust?" The answer is the classic one: It depends.
For some people a revocable living trust is a very smart estate planning tool, and for others it is a waste of money.
Trusts are promoted in a lot of random general literature that the public receives. They are not a one-size-fits-all solution. Whether setting up a living trust is a good idea for you should be discussed with an estate planning attorney who has full knowledge of your assets, family circumstances, and desires.