A majority of Americans understand the importance of estate planning, yet an alarming percentage of adults do not have arrangements in place. According to a 2019 survey, 51 percent of people believe having an estate plan is necessary, but only 40 percent have actually implemented one.1 If you’re a part of the majority of Americans who have put off facing the future of their finances after death, it might be time to start weighing your options. We’re offering helpful insights on what trusts are, who they benefit and why you may want to make them an integral part of your estate plan.