Elko, NV asked in Estate Planning for Nevada

Q: What kind of property can you put into a family trust?

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1 Lawyer Answer
Delwyn E. Webber
Delwyn E. Webber
Answered
  • Estate Planning Lawyer
  • Las Vegas, NV
  • Licensed in Nevada

A: Typically you can transfer real property, personal property, membership interests, stocks, vehicles, and the like. Assets that cannot be 'owned' by a revocable trust are Qualified Plans [IRA, 401K], Annuities and Life Insurance Policies. [Life Insurance Policies can be owned by an Irrevocable Life Insurance Trust.] There may be restrictions on certain assets, which would depend upon the terms of the governing document [ie an Operating Agreement].

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