Many people wonder if they need a trust. Trusts are designed to accomplish specific goals, so not everyone needs one. But you might. A trust allows people to transfer property to others (family, friends, charities) without going through probate. Avoiding probate can reduce costs and enable loved ones to receive the assets sooner. If you have minor children, you may want a trust, so that your children can get your assets sooner. A trust also allows parents to choose in advance