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Generally, you should title all of your currently owned and newly acquired assets in the name of your trust. We prefer the following format for titling assets in the name of your trust: NAME OF TRUSTEE, Trustee of the NAME OF TRUSTEE Living Trust dated DATE TRUST WAS SIGNED and any amendments thereto.

The main benefit of putting your house in a trust is that it bypasses probate when you pass away. All of your other assets, whether or not you have a will, will go through the probate process. Probate is the judicial process that your estate goes through when you die.If your will is contested, it can last even longer.

To move assets into a revocable trust you must put them into the trust's name and file or record this information. Change the property's title on any real estate you own, and file the change with the recorder in the county where the property is located.

Assets that should not be used to fund your living trust include:Qualified retirement accounts 401ks, IRAs, 403(b)s, qualified annuities.Health saving accounts (HSAs)Medical saving accounts (MSAs)Uniform Transfers to Minors (UTMAs)Uniform Gifts to Minors (UGMAs)Life insurance.Motor vehicles.

The advantages of placing your house in a trust include avoiding probate court, saving on estate taxes and possibly protecting your home from certain creditors. Disadvantages include the cost of creating the trust and the paperwork.

Begin by listing all of your largest assets, such as your home, investment accounts, or even valuable personal property. Using a spreadsheet on your computer is a good option, but if you're more traditional you can simply write down each of the items you own. Write these down in a single column.

For a revocable living trust to take effect, it should be funded by transferring certain assets into the trust. Often people fund a living trust with real estate, financial accounts, life insurance, annuity certificates, personal property, business interests and other assets.