Once a trust is established, it is critical to transfer the assets to the trust; a trust is worthless until assets have been transferred into it. Trusts can hold all types of assets, including real property assets, such as a home; real estate assets; land tracts and out-of-state properties; liability and title insurance assets; property taxes; transfer taxes; and rental real estate.

Trusts can also hold credit cards, notes you owe, mortgages, loans, checking accounts, savings accounts, pay-on-death accounts, certificates of deposit, credit union accounts, safe deposit boxes, stocks, bonds, mutual funds, and savings bonds.

Trusts can hold real assets such as boats, automobiles, motorcycles, recreational vehicles, and other vehicles. In addition, they can hold life insurance and other self-provided insurance.

Businesses may be included in trusts if they are sole proprietorships, limited partnerships, closely held corporations, subchapter S corporations, limited liability companies, and general partnership interests.

Other assets that may be included in trusts include personal untitled property, copyrights, patents, royalties, oil and gas interests, club memberships, and foreign assets.