<prompt> Human: My wife and I are starting to get extremely financially comfortable and I want to make sure that we protect ourselves from any sort of unexpected occurrences that could wipe us out. We already have the standard insurance for things like car accidents, health issues, etc but I am concerned that there may be something else, maybe even litigation related, that could wipe us out. We have life insurance polices on each other to pay for the house should one of us die and a pretty good size emergency fund that could sustain both of us losing our jobs at once.Is there anything that I should be thinking of? Would an umbrella policy or living trust protect us further? Monthly take home net is about 10,000. No debt or liabilities other than our home. No Kids, no plan to have kids within 5 years. We are both 30ish. 150K in liquid cash split between savings accounts and various vanguard funds. 150K in 401k 403b retirement funds with our employers. 145K in an inherited IRA, currently taking only RMDs 200K in equity in our house. 3 cars and all the other assets belongings that regularly go along with two 30ish year old people.  <response>: An umbrella policy is cheap, and I have one in about the amount of my assets. Coverage for 1m will run you a few hundred dollars a year. 