This is a common question and can be complicated to answer. It requires an in-depth review of many factors, including a person’s assets, current estate tax laws, residency status, and location of their real and personal property. A Trust can save time and money in handling the distribution of a person’s estate. However, the cost of establishing a Trust and retitling assets may exceed these cost savings. It is important to review all of your options with an attorney prior to deciding on whether or not to add a Trust to your estate plan.