A trust is one of the most effective estate planning tools for managing and protecting assets in California. By placing assets into a trust, individuals can ensure a smooth transfer of wealth to beneficiaries while avoiding probate and maintaining privacy. At John D. Laughton, A Professional Law Corporation, we help Monterey residents create comprehensive estate plans that safeguard their assets and meet their long-term goals.



Almost any type of asset can be included in a trust, but proper funding is essential to ensure they receive the intended legal protections. Some of the most common assets that can be placed in a trust include:

• Real Estate – Homes, vacation properties, rental properties, and commercial real estate can all be placed in a trust to avoid probate and streamline inheritance.
• Financial Accounts – Bank accounts, investment portfolios, mutual funds, and brokerage accounts can be included to provide ongoing financial management for beneficiaries.
• Business Interests – Ownership in a corporation, LLC, or partnership can be transferred into a trust to ensure smooth succession planning.
• Life Insurance Policies – Transferring a life insurance policy into an irrevocable trust can help reduce estate taxes and protect proceeds from creditors.
• Retirement Accounts (with Designation) – While IRAs and 401(k)s cannot be directly transferred into a trust, a trust can be named as a beneficiary to control distributions after death.
• Personal Property – Jewelry, artwork, antiques, collectibles, and valuable heirlooms can be included in a trust to ensure proper distribution.
• Vehicles – Cars, boats, and other vehicles can be placed in a trust, though this is less common unless they hold significant value.

Choosing the right assets to include in a trust depends on individual estate planning needs. A well-structured trust can protect assets, minimize taxes, and ensure beneficiaries receive their inheritance efficiently. At John D. Laughton, A Professional Law Corporation, we provide tailored estate planning services to help clients in Monterey make informed decisions about their future.