Trusts Aren't Just for the Rich | Raleigh News

Raleigh News Today | 2 Min News | The Daily News Now! · Aug 26, 2026 · 1m

Forget the myth that trusts are only for the super-rich—Bank of America Private Bank says they’re essential for regular families too. New survey data reveals most Americans without estate plans skip them because they think they don’t have enough to worry about, but many actually hold significant assets like home equity and retirement savings. A living trust isn’t just for passing down wealth—it keeps your household stable during crises, lets you control how assets are managed across generations, and avoids costly probate if you become incapacitated. Over half of adults have no estate plan at…