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why might you want to have a trust its a really good question a lot of people dont even really understand what a trust is which is understandable a trust is like a suitcase it holds your assets and the trust says what happens to your assets under certain circumstances for instance what happens when I die to my assets that are inside my trust I think of a trust like a suitcase because the trust says what happens to the assets that are held inside of the suitcase and with a revocable living trust which is the most common kind of trust that people have when they have a foundational estate plan with irrevocable living trust the assets are held in a really flexible way meaning you can put assets into your trust take assets out of your trust and you can amend the trust however you like so its a very flexible way to hold your assets and once your assets are put into a trust you really interact with them with in the same way as if they were outside of the trust so the reasons that you migh
