Trusts can be useful estate planning tools, but they are not automatically necessary for every retiree. Whether one makes sense depends on your assets, family situation, privacy concerns and goals for transferring wealth. For many retirees, a simple will and a few beneficiary designations may accomplish the same goals with less cost and complexity. A financial advisor may be able to help you review how your estate plan fits within your broader financial picture. Connect with a financial advisor at no cos ...