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Health Savings Accounts and Medical Savings Accounts. Health savings accounts (HSAs) and medical savings accounts (MSAs) are tax-exempt trusts or custodial accounts designed to pay qualified medical expenses.Uniform Transfers or Uniform Gifts to Minors.Life Insurance.Motor Vehicles.

To add real property to your living trust requires transferring ownership from yourself to the trustee.However, for property such as art, jewelry, or antiques, for example, you need to create a written inventory of those particular goods as part of the schedule of your assets.

To transfer real estate (also called real property) into your living trust, you must prepare and sign a new deed, transferring ownership. You can usually fill out a new deed yourself.

You will need to retain an estate attorney to draft and execute your trust document. For a simple revocable or irrevocable trust, it may cost anywhere from $2,000 $5,000.

Like a will, a living trust can be altered whenever you wish.After one spouse dies, the surviving spouse is free to amend the terms of the trust document that deal with his or her property, but can't change the parts that determine what happens to the deceased spouse's trust property.

Steps for Amending or Revoking a Living TrustFind living trust forms online.Be as clear as possible.Include specific language.Have the amendment notarized.Keep your trust document and amendment together in a safe place.Alternatively, do what is called a restatement of the trust.Revoke your trust.

The four categories of assets that you may transfer into your living trust are real property, tangible personal property, financial instruments, and cash accounts. For each type of asset, there is a slightly different process for how to add assets to your living trust.