My only asset is my home. Do I need a trust?

If the home is located in California, you may benefit from a trust, even if the home is your only asset.  If you have more than one beneficiary who will inherit the home, or if minor children are involved, you will most likely want a trust.  If your only asset is the home and you have only one beneficiary you want to inherit the home, there are other alternatives to consider, including a Revocable Transfer on Death Deed.