Do I need a trust? Single childfree millionaire

Wills Trusts and Estates

Location: Washington

I have about 650k in 401k and about 2.1 million in taxable accounts. No real estate. Single and I’m not planning to have kids. I have a single member LLC where I sell imported merchandise as a hobby (the most expensive product I sell is $60 just to give an idea). They’re everyday life items like shirts, tote bags, hats.

Do I need to set up a trust? I’m worried that if a customer ever sued me, my personal assets could be at risk.

Posted Dec 9, 2025, 9:02 AM UTC

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