Can you put your car and boat in your trust?

11 Sept 2023 · 1 min

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1:01

In this concise informational video, attorney Jerry Taylor explains that virtually any personal property—such as cars, boats, golf carts, jewelry, furniture, farm equipment, and even firearms—can be placed into a revocable trust. He outlines two primary methods: (1) using an "assignment of personal property" document, which, once signed and notarized, transfers both titled and untitled items to the trust in states that allow it; and (2) retitling titled assets (e.g., vehicles) at the DMV to reflect the trust’s name in states that require it. Taylor emphasizes the importance of consulting a qualified attorney, especially for items subject to federal regulation like guns, and invites viewers to click his picture, follow a link, and join his newsletter for more details.

Chapters

Can you put your car, boat, golf cart, jewelry, furniture, and every other piece of personal property you own in your revocable trust? The answer to that is yes. In some states, you can assign all of that to your trust. And by assign, I mean a document is created called an assignment of personal property. And once you've signed it and it's notarized, all of your personal property, titled and untitled property, is assigned to your trust. In other states, for your titled property, you may actually have to go down to the DMV and have the name changed from your name to the name of your trust. Whether or not that's a good idea in your situation should be discussed with a lawyer like me in your state. And in particular, I'm talking about guns that are controlled by federal regulation. But you can put your car, boat, and even your farm equipment into your trust. If you'd like to learn more about all this, click on my picture, then click on my link, then join my newsletter.