One of the most common things I hear during estate planning consultations is, “I do not think I need a trust because trusts are only for wealthy people.”

It usually comes from thoughtful, responsible people who own a home, have retirement accounts, want to protect their families, and have worked hard to build a comfortable life. They simply assume that a trust is something reserved for celebrities, business moguls, or families with enormous estates.

That belief is understandable. But, it is also one of the biggest myths in estate planning.

The truth is that a revocable living trust is not just about wealth. For many families, it is about simplicity, privacy, continuity, and making things easier for the people they love.