What Can My Revocable Living Trust Own?
So, what kinds of assets can a trust own?
One might assume that a living trust should own all of a person’s assets, but that might not be true. Some examples of assets that should not be owned by your Washington State Revocable Living Trust include:
- Qualified Retirement Accounts
- Health Savings Accounts
- Stock options
- Ownership in a professional corporation or professional limited liability company
Washington State Revocable Living Trusts can hold title to:
- Life insurance policies
- Motor vehicles
- Real estate (including your home)
- Stocks
- Bonds
- Patents or trademarks
If you need advice on properly setting up your living trust to avoid probate, call Limitless Law PLLC at 360-685-0145 or visit this page to learn more about working with us: www.limitlesslaw.com/book-a-strategy-session
If you are seeking legal assistance with contracts, probate, trust administration, estate planning, adoption, real estate transactions, business law, bankruptcy or debt settlement, please don't hesitate to reach out to the experienced team at Limitless Law PLLC. We're here to help.
Call 360-685-0145 or visit this page to learn more: www.limitlesslaw.com/book-a-strategy-session
This blog post is for informational purposes only and does not constitute legal advice. If you have questions about your own legal rights and options, please contact the knowledgeable team at Limitless Law PLLC to schedule a strategy session with our attorney. Call 360-685-0145 or visit this page to learn more: www.limitlesslaw.com/book-a-strategy-session
