If you own your house, you need a living trust. If you are married and own your house together, you should create a family/marital trust. If you want to set up a trust fund for someone or give someone the right to live in your house after you die (but not own it outright), you need a living trust. And most importantly, if you want to protect your assets from going through probate, you need a living trust. Have an experienced estate planning attorney prepare your living trust.
