Assignment of Personal Property to Revocable Trust
(MA)

Summary

This template is an assignment that may be used by a settlor when transferring personal assets to be held in trust in Massachusetts. This template includes practical guidance, drafting notes, and optional clauses. A trust is a legal arrangement pursuant to which a settlor (also known as a grantor) transfers property to a trustee who will administer that property for one or more beneficiaries according to the terms of the governing instrument. This template is designed to effectuate the transfer of the settlor's personal property. The settlor's real property will be transferred by deed. Certain assets may need special consideration as to whether they should be transferred to the trust. Funding a trust is a multi-step process, as summarized in the below image. Visualization of Revocable Trust Drafting and Funding Flowchart. For a full listing of key content on creating an estate plan for an individual with a spouse or partner residing in Massachusetts, see Estate Plan for Individual with Spouse or Partner Resource Kit (MA). For more information on trusts in general, see Characteristics and Uses of Trusts (MA) and Requirements and Restrictions on Trust Purposes and Administration (MA).