Once you sign a living trust document, you will have a valid living trust. The trust needs to include information about transferring personal property.When you establish your trust, you should also sign a general "Assignment of Assets" to your trust which references personal property. If you've created a Trust with one or more beneficiaries, to transfer your Personal Property to those Trustees you'll need to first create a Transfer Document. When a document is recorded, conveying real property into a trust, legal title is conveyed to the trustee(s) to be held in trust. Decide what property to include in the trust. Choose a successor trustee. Draft and sign a trust agreement. Description and purposes of a Utah Irrevocable Trust: distributions, asset protection and estate tax savings. In order to pass through the trust and avoid probate, assets must be retitled into the name of the trust.
