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Generally, assets you want in your trust include real estate, bank/saving accounts, investments, business interests and notes payable to you. You will also want to change most beneficiary designations to your trust so those assets will flow into your trust and be part of your overall plan. IRAs, retirement plans and other exceptions are ...
The Grantor in a Trust is the person with the bucks. In other words, the Grantor of a Trust contract is the owner of the asset(s) which could be any asset from personal residential real estate to stock accounts to business or partnership assets and anything else of monetary value.
Depending upon the restrictions in the trust instrument and documents, it would otherwise look like a normal brokerage account. It could buy stocks. It could purchase mutual funds. It could trade ETFs. It could hold REITs. You could open the trust account directly with a mutual fund company such as Vanguard.
An irrevocable life insurance trust (ILIT) takes ownership of your life insurance policy so the proceeds don't become part of your taxable estate. An irrevocable life insurance trust (ILIT) takes ownership of your life insurance policy so the proceeds don't become part of your taxable estate.
This will allow the real estate to be distributed to your trust beneficiaries without going through probate. Read your property deed to confirm your ownership structure. Selling Property in Your Trust. You can still sell property after you transfer it into a living trust. The first and most common approach is to sell the property directly from the trust. In this case, the trustee of the trust (most likely, you, as trustee) is the seller.
Generally, a revocable inter vivos trust (sometimes called a "revocable living trust") is a written agreement between the individual creating the trust (who is commonly known as a "Settlor," "Grantor," or "Trustor") and the person or institution that is to manage the assets held in trust (commonly known as the "Trustee").