Important to know about the accounts
It is important to know what accounts need to be transferred into the trust and which ones cannot and should not even have the trust involved as a beneficiary.
Everything except your retirement accounts can be changed into the trust. Retirement accounts by law must be held in an individual’s name. Many people after they have had a trust created also change the beneficiary of all their retirement accounts to the trust. If you are married, this is not a good idea. Spouses have certain privileges that non married couples do not have. If you have a retirement account and you should happen to die, your spouse has the right to take over the retirement account as if it were her own. She can keep the money in there, take it out, or do whatever she pleases with it.