Who Needs a Trust? And Who Doesn’t?
But if you don’t care whether they are required to go through probate, then a Simple Will is less expensive.
Also, some people have a small enough estate that probate will not be legally required. Specifically, if a person does not own any real estate and the total value of his or her other possessions and accounts is less than $100,000, then probate will not be legally required.
But for those who either own an interest in real estate (regardless of its value) or who have other possessions and accounts with a total value in excess of $100,000, the estate of that person will normally be required to go through probate unless a Family Trust is created before he or she passes away.