Q: Can irrevocable trust be setup to hold personal property only?
Id like to know:
1) Can a irrevocable trust be setup to hold just valued personal property family related items like, cherished valuable jewelry, coins, artwork, artifacts etc ?
2) If so does doing so simply require formally setting up a trust, funding & adding to the trust such items by making a formal itemized list document of what such items are being transferred to the trust, with attached photos and a description within the original trust document who the items shall transfer to?
Thank you
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