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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Most people don’t need a living trust.  It’s a money grab by the estate planning trade.  It’s fine to direct the establishment of a trust in the event you die with minor children, but putting all your assets in a living trust is generally an unnecessary complication in life.  Don’t let the attorney convince you that it is necessary to avoid probate because that is “such a long and expensive process.”  That is also generally not true.[/quote]

Agree 100%.  Unless you live in a state that has a nightmare judicial system (*cough* [b]California[/b]), or  you have assets of over $24 million, you don't need a living trust.  A testamentary trust (one established by the will) is fine.  For minor children, you can make "the Trust for DC 1 established by the will of Parent XYZ" the beneficiary of any assets that allow the designation of beneficiaries.  [/quote]

Yes--we own two rental properties in California and were advised to put them in trust because of the nightmarish probate process.[/quote]

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