The Assignment of Personal Property is an important document included in your estate plan. It’s used to formally transfer your tangible personal belongings, like furniture, jewelry, clothing, and household items, into your Revocable Living Trust.
This helps ensure that these items are legally part of the trust and do not have to go through probate after your death.
Why This Matters
Without this document, your personal property may be considered part of your general probate estate. By assigning these items to your trust:
They are managed and distributed by your Trustee according to your instructions
They bypass probate, saving your loved ones time and legal expense
Your wishes for how these items are handled are more clearly documented
Key Features of the Assignment of Personal Property
Covers all tangible personal property
This includes items like:Furniture
Jewelry
Clothing
Electronics
Tools and other personal belongings
Applies to both current and future items
The document states that it applies to property you currently own and anything you acquire later.Transfers property to your Trust
The assignment moves ownership from you, personally, to you as Trustee of your Living Trust (and to any Co-Trustees, if applicable).
→ Related: What Is Tangible Personal Property?
→ Related: How Do I Fund My Trust?
When Is This Document Used?
You’ll sign this document as part of your Living Trust package. It’s one of several tools that help you "fund" your trust, meaning transferring ownership of your assets into the trust so they’re properly managed according to your estate plan.