Assets that can’t or shouldn’t be put into a trust include:
Cash: You can put cash into a bank account and then include the account in a trust.
Vehicles: Although ownership of cars and other vehicles can be transferred through a trust, it may not be necessary. Cars depreciate in value, and you may end up selling a vehicle before a trust even comes into effect.
Retirement Assets: It’s not recommended to include accounts like a 401(k) or IRA, as it may trigger withdrawal penalties.