The answer depends on your individual circumstances—there's no bright-line rule. Learn about the top reasons to use a living trust.
Factors to Consider
Age
As we age and the possibility of disability and death increases, the advantages of a living trust grow.
Wealth Level
For someone with minimal wealth ($10,000-$20,000), a living trust is unlikely to be beneficial. For those with six-figure assets and beyond, there are significant advantages.
Three Big Reasons for a Living Trust
- Seamless wealth transition to the next generation or loved ones
- Superior incapacity planning in case of disability
- Asset-protective inheritance rather than large lump sums to unprepared beneficiaries
Don't let common estate planning excuses prevent you from proper planning.
