In the wild west of estate planning, a revocable living trust can be your trusty steed, guiding you through the rugged terrain of asset management and inheritance. Just as a cowboy knows the lay of the land, it’s essential to understand which assets can go in your trust corral and which ones typically stay out in the open range. So saddle up and let’s ride through the essentials!

(By clicking on the “asset” link it will give you a more in depth explanation as to the pros and cons of funding your Living Trust with that asset.)

1. Real Estate: Whether you’ve got a sprawling ranch or a cozy homestead, real estate is a prime candidate for your trust. Transferring your prop