You can buy anything and add it to the trust, sell anything out of the trust, and give trust property to whomever you wish. Think of a trust instead as an imaginary container. It's not a geographical place that protects your car, but a form of ownership that holds it for your benefit. It's common to put whole bank and brokerage accounts, as well as homes and other real estate, into a trust. This may sound abstract, but as this and the next chapter show, the benefits are concrete.
State law governs trusts.
If the trust involves real estate, the law of the state where the property is located applies. If it's personal property, like a car or money, or most other things, the law of the state where the grantor created the trust will probably control. If you have residences in more than one state, you can provide in your trust which of those states' laws will control the disposition of your real property. Everything you need for court related issues. The Intelligent Alternative to Court.