question.jpgIn Trusts and Estates

What property can I include in a trust?

You can generally include any type of property in a trust, as long as you actually own the property. In addition to any present rights you own in the property, you can also include any future interests you have in a property. For example, you may not own a certain piece of land right now, but you may have been granted a so-called “future interest” in that property from the current owner (meaning, for example, that you would own it when the current owner dies). You could create a trust for that property, transferring that future interest and splitting apart its legal and equitable titles. Obviously, the beneficiary would not be able to begin enjoying use of the property, however, until the current owner dies.