Legal Question in Intellectual Property in California

A value of your estate is not the deciding factor on whether or not to have a living trust. Aside from reducing your potential tax liability it can also be used to avoid cost associated with probate which is set by law, or to avoid certain default distribution which you may not want. I would recommend that you setup an appointment with an estate planning attorney to discuss your specific situation. If you cannot find one in your area, I would be happy to connect you with my partner who handles these types of matters.