Question: Can multiple items be placed into one trust or should a Trust be created for each item?
Answer: You can create multiple trusts. However, usually one trust holds all of a person’s or couple’s items. The trust owns all of your assets (those that require a signature to dispose of), so that the items won’t have to be probated upon your death.
The trust should “own” your bank accounts, safe deposit box, brokerage accounts, and all of your real estate. Your ...Continue Reading →