Transferring Vehicles to Your Trust

Transferring ownership of vehicles like cars, boats, RVs, and other types to a Trust is relatively uncommon. Generally, vehicles are transferred by affidavit after the owner's death or through a Transfer on Death Deed designation. This guide discusses the process, considerations, and alternatives for including vehicles in your Trust.

Car Insurance Considerations

While it is possible to transfer cars to your Trust, insurance factors significantly influence this decision. Some insurance companies may struggle to manage policies for vehicles owned by trusts effectively. You might need to list the Trust, trustees, and beneficiaries as "Additional Insureds" or obtain special endorsements from your insurance provider. This process can be cumbersome, leading many to avoid placing personal vehicles in their Trusts.

We recommend consulting with your insurance carrier to understand any potential complications associated with holding vehicles in your Trust. If the insurance challenges outweigh the benefits, you may choose to keep vehicles outside of the Trust to simplify matters.