Living Trust
What type of assets can be transferred into a Living Trust?

What type of assets can be transferred into a Living Trust?


Jennifer Mcgee


Updated on  

March 17, 2023

7 Mins


Creating a living trust is not enough. You will need to fund it by transferring assets and property into it to make it effective. A living trust document has no value unless you transfer property to it. This article talks about the type of assets, you can transfer into a Living Trust. 

Meaning of Living Trust

Just Like a Last Will and Testament, Living Trusts are documents created by a person known as a “Grantor/Initial Trustee” who puts property into a Trust and enjoys the benefits of it during their lifetime. Upon the death of the person, the property is managed by another person appointed by the Grantor called a “Successor Trustee”.  

The people who inherit the Trust property upon the death of the Grantor are the “Beneficiaries”. 

In Living Trust, Grantor has full control over the property and can enjoy the property till he dies by naming himself/herself as the Initial Trustee. After the death of the Grantor, the administration of Trust Property is dealt by the Successor Trustee; in this way, the Successor Trustee works similar to that of an Executor of a Will. 

What type of assets can be transferred into a Living Trust?

Following are the properties which can be transferred to a Living Trust.

1. Real estate property

Putting a real estate property into the trust is beneficial if you want to avoid Probate and Estate Taxes. If you own a land or house, you may consider putting it into a Living trust. 

You will need to register a new deed for the property you are transferring into the Trust.

You can read here for more information about funding a Trust with real estate property

2. Bank Accounts

You can transfer a number of bank accounts and financial accounts to a Living Trust.

List of bank accounts that can be transferred to a Living Trust:

  • Savings Account
  • Certificate of Deposits (CDs)
  • Checking Accounts
  • Non-retirement investment accounts, etc. 

Every bank or financial institution has different processes and policies for transferring accounts to a Trust. For more information, it is advised to contact your bank or financial institution first. 

3. Personal Property

A person may have a number of belongings that do not have a title or deed but are valuable and are part of that person’s Estate. These may include :






-Electronics, etc. 

These can be transferred to a trust in two ways: 

  1. By way of Pour-over Will
  2. By signing a general transfer document. 

4. Investment Assets

Investment Assets like Stocks, Bonds, and Mutual Funds can be transferred to a Trust by completing a transfer document or by reissuing the certificates of these assets in the name of the Trustee appointed by the Grantor. 

It is advised to discuss with an Estate Planning attorney if you want to transfer any of your  investment assets into a Trust.

5. Insurance policies

The death benefits provided by insurance policies make them an essential part of Estate Planning.

Insurance policies can be put into a Trust in two ways: 

  1. Trust as a beneficiary of the Insurance Policy - When the owner of the insurance policy passes away, the proceeds of the policy will be transferred to the Trust.
  2. Trust as the owner of the Insurance Policy - People can create a Special Trust for their life insurance policy known as an irrevocable life insurance trust (ILIT).

6. Limited liability companies (LLCs)

If you have a membership interest in a Limited Liability Partnership, you can transfer your stock and stakeholder shares into a Trust. The ownership may be transferred to the Trust while you can still have a few rights associated with the share in your hand like the right to vote, etc. 

7. Cryptocurrency

Cryptocurrencies like Bitcoin can be transferred to Trust. They will avoid probate after your death after becoming a part of the Trust.  Trustees appointed by the grantor should be provided with concise information about how to access your cryptocurrencies so they can be distributed among the beneficiaries. 

Do I need a Living Trust?

Making a Living Trust as part of your Estate Planning provides a hassle-free and simple method for the distribution of assets among the loved ones of a person after death. A Living Trust also allows people to enjoy the benefit from the trust property during their lifetime. 

Apart from this, there are many other benefits offered by a Living Trust. These include: 

  • Avoids Probate
  • Protects your privacy
  • Protection of Minor Children           
  • Ensures the Privacy of your Document
  • Protects you in case of Illness or Incapacity 

Read more about Living Trust and its benefits

If you are still confused as to what will suit you best as per your needs; you can connect with an attorney on TrulyWill for support and guidance and discuss your requirements.

Your download was successfully completed!!
Oops! Something went wrong while submitting the form.
Frequently Asked Questions

What is Real Estate property?

Real estate is a property consisting of land and the buildings over it including the nearby natural resources attached to that land.

What is a Pour-over Will?

Pour- Over Wills are those which automatically transfer your leftover assets into the previously set up Living Trust which were not included earlier. Basically, these Wills work alongside the Living Trust as a backup.

What is an Irrevocable trust?

An Irrevocable Trust is one whose provisions cannot be changed. Property and assets are transferred to these trusts the same way as that of a Revocable Living Trust but once the property is put into a trust it cannot be taken back and you cannot change the beneficiaries.

Can I transfer cash to a Living Trust?

No. You cannot add cash directly to a Living Trust. You will need to put them into a bank account and then add that bank account to the Trust.

Can I transfer mortgaged house or real estate to my Living Trust?

Yes. You can transfer your house or real estate to your Trust even if they are mortgaged.
Jennifer Mcgee
Parent to five young children. Estate Planning, Probate, and Family Law Attorney. Volunteer with Victim’s Advocates in the local sheriff's department...
Read More
Jennifer Mcgree
Do you need any help? We have a free session for you!
Talk to our team and get all the help you need to create your estate plan.
Book a free session
Thinking of creating a will to secure your loved ones?
Start your estate plan online
  • Resume anytime
  • Done from your home
  • Expert support when you need it
Make Last will and testament Online TrulyWill