Which assets must be titled in the name of the Trust?

All assets which are not exempt from probate according to the probate code should be transferred into the trust. This includes real estate, bank accounts, certificates of deposit, money market funds, mutual funds, stocks, bonds, limited partnerships, corporations, sole proprietorships, and all personal property, except IRA’s, 401(k)’s, insurance policies, automobiles and qualified retirement plans. IRA’S, for example, do not have to be transferred into the trust because the IRA account already has a named beneficiary. It is recommended, however, that the trust be named as a secondary beneficiary even for assets that already have a primary beneficiary named, such as IRA’S and insurance policies.