"Trusts are not just for the wealthy; they're becoming more common among the middle class. They help ensure assets are distributed according to one's wishes and can accelerate the transfer process."
"The complexity and financial situation of each individual dictate whether a trust is necessary or beneficial. There's no specific income level for determining its need."
"For simple financial situations, a will and named beneficiaries may suffice, but as assets increase in complexity or value, trust becomes an essential tool for estate planning."
"Setting up a trust, while potentially costly, can simplify the inheritance process and minimize estate taxes, particularly for those with substantial assets or complicated estates."
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