"This isn't McDonald's?"

Sir, this is a Wendy's.

"Are they being sold this by some seminar?"

My favorite topic = empty revocable trust.

As noted, a $3m net worth can be double that in 7 years, depending on the assets. On January 1, 2026, the current exclusion amount will revert back to the 2017 amount of $5 million, adjusted for inflation.

So, yes, if it is done right, it might be "worth" it.

For this type of planning, MN has Transfer on Death Deeds and Transfer on Death Car Titles (DVS). You don't need to put the house in a trust. Financial accounts all provide for beneficiary designations.

So, it depends on why someone thinks this should be done.