A revocable living trust can encompass a wide array of assets. This includes real estate, bank accounts, business interests, tangible personal property (such as jewelry, musical instruments, and antiques), insurance policies, stocks, and cryptocurrency.
However, certain assets are ineligible for inclusion, notably those already assigned a beneficiary (like retirement assets, unless under a specially structured trust), medical and health savings accounts, non-U.S. assets, cash, and titled vehicles (cars, motor homes, boats). These titled assets require a separate process, often through a will, and need retitling by the estate.