Vehicles and life insurance should usually stay out of a living trust. Titling a vehicle in the trust exposes it to liability if there's an accident, and most states make transferring ownership after death simple anyway. Life insurance can name the trust as beneficiary instead, letting it manage payouts to heirs over time.
Assets you do not want to put in your living trust. Your vehicles. If you have an accident and the person on the other side of that accident sees that your vehicle is titled in the name of your living trust, guess who's going to get sued? Most states have an easy way to transfer vehicles after death, or you can just assign your vehicles to your living trust. Next would be life insurance. If you make the trust the beneficiary of your life insurance, then you don't have to worry about lump sum payments to your heirs. You can set up a plan in your trust to handle that money and distribute it to your heirs over time so they don't blow it all at once.
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