The Complete Handbook on Titling Assets In the Name of Your Trust:
This handout details the absolute vital importance of and instructions
for titling your assets in the name of your trust with an overview
and separate section explaining what you need to do with each type
of asset.
Topic by Topic Breakdown on Titling Assets in Your Trust: Same
as above handbook, but broken down into categories.
Overview - The
golden rule that every person with a living trust must follow.
General Notes - This section discusses the one major exception
to asset titling, that your Social Security number is your tax
ID, guarding your privacy, that you still maintain complete control,
and that it has no effect on your liabilities, property, income
taxes, or reporting requirements.
Real Estate Property - This explains what real property is and
the importance of executing a separate deed for every whole or
partial interest in real estate along with precautions when financing,
refinancing, or acquiring new property.
Qualified Retirement Plans - Since you cannot title qualified
retirement plans in the trust this section sets forth guidelines
for identifying what falls into the category of a qualified retirement
plan (IRA, 401k, 403b, Keogh, etc) and common beneficiary designation
guidelines.
Life Insurance - This discusses common beneficiary designation
strategies for life insurance.
Publicly Traded Stocks and Securities - This section discusses
general guidelines for titling publicly traded securities and brokerage
accounts in the name of your trust.
Private Corporation Stocks and
Securities - This section discusses
general guidelines for titling privately held securities and brokerage
accounts in the name of your trust.
Partnership - This section describes general guidelines for titling
general and limited partnerships in the name of the trust and the
important difference between partnership and co-ownership.
Sole Proprietorship - This section helps identify whether you
own a sole proprietorship and the guidelines for titling it in
the name of your trust.
Automobiles & Other Vehicles - This section discusses alternative
strategies for dealing with automobiles and other vehicles.
U.S. Savings Bonds - This section discusses the U.S. Treasury
Reissue form.
Money or Payments Owed To You (Mortgages, Notes Payable, Deeds
of Trust, IOUs, Etc) - This section discusses strategies for titling
deeds of trust, mortgages, and other notes payable to you, as well
as strategies about what to do when you loan money or make advances
to your children or others.
