What Goes In Trusts
Discover what types of assets can be included in a trust and why these choices matter for estate planning.
What types of assets can typically be included in a trust?
A wide array of assets can be included in a trust to ensure they are managed according to your estate planning goals. Assets like real estate, financial accounts, valuable personal items, and digital assets are often placed in trusts. This strategy helps facilitate smooth asset management and transfer, potentially bypassing probate, which can be time-consuming and expensive. By including these assets in a trust, individuals aim to provide clarity, reduce family disputes, and safeguard their legacy. It's important to consider how each asset type aligns with your long-term goals to make informed decisions.
