A trust is an entity that holds assets. Think of it like a bucket that holds assets like tangible personal property, real estate, bank accounts, etc. The only assets that we will put in the trust are tangible personal property (furniture, furnishings, jewelry, collectibles, etc.) and real estate. It will be up to you to make sure that other assets like bank accounts and retirement accounts are either owned by the trust, payable to the trust, or have other beneficiary designations if you wish your beneficiaries to avoid probate. This process of making sure the assets are covered by the trust is called “funding the trust.” We will provide a Funding Memorandum that lists many different types of assets and instructions on how to deal with those in regards to the trust.