Make a List of YOUR Assets to Plan Ahead
If you are considering setting up a trust in California, you should consult with a Los Angeles estate litigation lawyer. They should be able to best advise you as to what types of property you should include in your will and/or trust. When considering setting up a trust, you may include any property that "can be voluntarily transferred by its owner." Restatement (Second) of Trusts section 79. This includes a variety of property. Generally, you should consider including the following types of property: debts, equitable interests, future interests, partnership interests in businesses, contingent interests, intangibles like patent, copyrights, trade secrets and trademarks and limited interests in property such as life estates or tenancies in common.