General Assignment of Personal Property to Revocable Trust

GENERAL ASSIGNMENT OF PERSONAL PROPERTY TO REVOCABLE TRUST

I. PARTIES

Assignor Address:
[________________________________]
[________________________________]

Trustee Address:
[________________________________]
[________________________________]

II. TRUST IDENTIFICATION

Name of Trust: [TRUST NAME]

Date of Trust Instrument: [__/__/____]

Settlor(s): [________________________________]

Trustee(s): [________________________________]

Revocability: ☐ Revocable ☐ Irrevocable (this instrument is intended primarily for revocable trust funding)

Governing Law of Trust: [STATE]

III. RECITALS

WHEREAS, the Assignor is the Settlor of the [TRUST NAME] established by trust instrument dated [__/__/____] (the "Trust");

WHEREAS, the Assignor desires to fund the Trust by transferring to the Trustee all tangible personal property owned by the Assignor and all intangible personal property of types not separately titled, so that such property is henceforth held by the Trustee subject to the terms of the Trust;

WHEREAS, the Assignor intends that, from and after the effective date of this Assignment, all property described herein shall be owned beneficially by the Trust and shall be administered by the Trustee in accordance with the Trust's terms;

NOW, THEREFORE, the Assignor hereby assigns, transfers, conveys, and delivers the property described below to the Trustee.

IV. ASSIGNMENT — SCOPE

The Assignor hereby ASSIGNS, TRANSFERS, CONVEYS, AND DELIVERS to the Trustee, to be held under the terms of the Trust, the following:

A. Tangible Personal Property

All tangible personal property of every kind and nature owned by the Assignor on the effective date of this Assignment, including but not limited to:

• Household furniture, furnishings, and fixtures
• Household goods, appliances, kitchenware, and linens
• Clothing and wearing apparel
• Jewelry, watches, and personal ornaments
• Books, manuscripts, and personal libraries
• Artwork, paintings, sculptures, antiques, and collectibles
• Photographs, family records, and memorabilia
• Sporting equipment, hobby equipment, and recreational items
• Tools, hardware, and equipment
• Wine, spirits, and consumables of investment grade
• Personal-use electronics not separately titled or registered

B. Intangible Personal Property (Not Separately Titled)

All intangible personal property of types not separately titled or registered, including but not limited to:

• Cash on hand (not held in a titled account)
• Uncertificated debts owed to the Assignor that have not been separately assigned
• Refund claims, rebate rights, and unliquidated claims
• Loyalty program points, miles, and reward balances (subject to program terms)
• Digital files, personal data, and unregistered intellectual property
• Choses in action of a personal nature, to the extent assignable

C. After-Acquired Property

This Assignment extends to property of the foregoing categories acquired by the Assignor after the effective date of this Assignment, to the maximum extent permitted by applicable law, until this Assignment is revoked or amended in writing.

V. EXCLUSIONS — SEPARATELY TITLED ASSETS NOT COVERED

This Assignment DOES NOT effect transfer of the following categories of assets. Each must be transferred to the Trust (or designated to the Trust) by a separate, asset-specific instrument:

This Assignment also does not apply to:

• Property the Assignor specifically devises by Will or by separate instrument
• Property the Assignor has previously and effectively transferred to another owner
• Property held in joint tenancy or by the entirety with a non-trustee co-owner, except to the extent of the Assignor's individual interest
• Property that the terms of the Trust expressly exclude

VI. SCHEDULE A — NON-EXCLUSIVE ITEMIZATION

The Assignor has attached Schedule A as a non-exclusive itemization of significant items intended to be transferred. Schedule A is illustrative only. The omission of any item from Schedule A shall not be construed to exclude that item from this Assignment if it otherwise falls within the categories assigned above.

VII. REVOCABILITY

This Assignment is revocable to the same extent that the Trust is revocable. So long as the Trust is revocable by the Assignor, the Assignor may at any time revoke, amend, or supplement this Assignment by written instrument signed by the Assignor and delivered to the Trustee.

Upon the Assignor's death or the irrevocability of the Trust by its terms, this Assignment shall likewise become irrevocable.

VIII. TAX MATTERS

The parties acknowledge:

1. The Trust is treated as a grantor trust under I.R.C. §§ 671–679 for so long as it is revocable, and the Assignor remains the owner of the assigned property for federal income-tax purposes.

2. This Assignment is not a completed gift for federal gift-tax purposes (Treas. Reg. § 25.2511-2(c)); no Form 709 is required by reason of this Assignment.

3. The Assignor's basis in the assigned property carries over to the Trust; no step-up in basis occurs by reason of this Assignment during the Assignor's lifetime.

4. No state real-property-transfer tax is triggered (real property is not assigned by this instrument; separate deed required).

IX. COORDINATION WITH POUR-OVER WILL

The Assignor's Last Will and Testament dated [__/__/____] contains a pour-over provision directing that any property not effectively transferred to the Trust during the Assignor's lifetime be poured over into the Trust at the Assignor's death. This Assignment is intended to minimize the operation of the pour-over provision by effecting lifetime transfer of qualifying property, but it does not replace or supersede the pour-over provision.

X. GOVERNING LAW; CONSTRUCTION

This Assignment shall be governed by and construed in accordance with the laws of [STATE], which is the governing-law jurisdiction of the Trust. This Assignment shall be construed broadly to effectuate the Assignor's intent to fund the Trust with all qualifying property.

XI. ACCEPTANCE BY TRUSTEE

The Trustee acknowledges receipt of the property described in this Assignment and accepts the same as trust property to be held and administered under the terms of the Trust.

XII. EXECUTION

Assignor (Settlor)

Trustee (Acceptance)

WITNESSES (where required by state law)

We, the undersigned witnesses, declare that the Assignor signed this Assignment in our presence and appeared to be of sound mind and acting voluntarily.

NOTARY ACKNOWLEDGMENT

STATE OF [____________]
COUNTY OF [____________]

On this [____] day of [____________], 20[__], before me, the undersigned notary public, personally appeared [ASSIGNOR NAME] and [TRUSTEE NAME], proved to me through satisfactory evidence of identification to be the persons whose names are signed above, and who acknowledged to me that they signed this General Assignment of Personal Property to Revocable Trust voluntarily for its stated purpose.

Notary Public: [________________________________]

My Commission Expires: [__/__/____]

[NOTARY SEAL]

SCHEDULE A — NON-EXCLUSIVE ITEMIZATION OF ASSIGNED PROPERTY

Sources and References

• Uniform Trust Code §§ 401, 402, 403 — Uniform Law Commission
• Restatement (Third) of Trusts §§ 10, 16
• Cal. Prob. Code § 15200; Kucker v. Kucker, 192 Cal. App. 4th 90 (2011) (general assignment of stock to revocable trust upheld where settlor intent clear; cautioning that real estate requires separate deed)
• I.R.C. §§ 671–679 (grantor trust rules)
• Treas. Reg. § 25.2511-2(c) (revocable transfer not a completed gift)
• IRS Form 1041 / Form 709 instructions (grantor trust filing)

This General Assignment should be executed contemporaneously with (or shortly after) the Trust instrument and retained in the permanent trust records. It is a complement to — not a substitute for — asset-specific retitling. Failure to separately retitle real estate, accounts, vehicles, registered securities, and similar assets will leave those assets outside the Trust, and they will pass through probate or via beneficiary designation as applicable.