Dumb ? - what is an asset for purposes of a trust

[Retired Expat]

Hmm yeah maybe I need to fire my lawyer who I just met. I don't see that I need a trust at all but the point is to avoid probate. He was not encouraging about making a will only and I said its because you make more from a trust and he said well actually I make more on probate. IDK. Since all things have beneficiaries except house I do not see that I have any assets at all - for this purpose.

My attorney convinced me to go the trust route since estate law is governed by the State you reside in. Since my domicile is out of the US and I wanted my US assets to be governed by my Will and desires a trust was the way to go

 

[badatmath]

Estate is such a fancy word for my rather slim accumulation of stuff. . .