Many people believe trusts are only for parents or the wealthy. Suze Orman said that’s a dangerous assumption that could leave you stuck in a legal nightmare. In a recent episode of her “Women & Money” podcast, the financial expert tackled a common misconception from a listener whose sister didn’t understand why she would need a trust without children. The sister and her husband already had wills and powers of attorney, so wasn’t that enough?
Orman’s response was firm: No.
