A couple from Redondo Beach recently sat down with us and said something we hear all the time: “Do I need a Trust in California if I’m not wealthy?”
They own a home. They have retirement accounts and life insurance. They’ve raised their kids here in the South Bay. They are responsible, organized, and thoughtful people.
What they really meant was this: “We don’t want something complicated or unnecessary.”
That makes sense.
For years, Trusts have been associated with extreme wealth — celebrities, large estates, complicated tax strategies. But for most California families, that’s not what a Trust is about. Trusts are not about being rich. They are about being organized.
[Read more…] about Trusts Are Not Just for Rich People
