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The trust in no way protects your assets, so that reasoning is simply false.You should put your vehicles into your trust in order to avoid probate. Only those assets held by the trust will avoid probate.

Disadvantages of Revocable Trusts These arise from the different treatment of trusts and wills under certain property laws. As noted, in order to be included in a revocable trust, property must be reregistered in the name of the trust. This may be cumbersome and may involve other costs such as filing fees.

Almost daily, we are asked by clients: Should I title my vehicle into my Living Trust? The short answer is yes. For personal vehicles, it's usually best to include them in your Living Trust to make life easier on your heirs (company vehicles are typically titled in the name of the company).

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.

The main reason individuals put their home in a living trust is to avoid the costly and lengthy probate process at death.Since you can access the assets in the trust at any time, a revocable trust does not provide asset protection from creditors or remove the home from your taxable estate at death.

If you want to pass on certain assets before you die, a trust may also help. One of the main reasons people put their house in a trust is because assets in a trust do not go through probate after you die, while everything you bequeath through your will does go through probate.

A living trust, specifically a revocable living trust, is a legal document that places your assetsinvestments, bank accounts, real estate, vehicles and valuable personal propertyin trust for your benefit during your lifetime, and spells out where you'd like these things to go upon your death.