Whether you need a will or a trust (or both) depends on your circumstances. If you want to avoid probate, a trust will achieve that, but a will does not. If you are leaving property to minor children, a trust allows you to appoint someone to manage their inherited assets until they are adults and mature enough to do so. There are many different types of trusts for specific purposes such as tax planning or special needs planning. While trusts do have many advantages, not everyone needs one, so consult with an estate planning attorney about what’s right for you.