Standard Legal does not require that any asset be listed directly within the Trust documents in its legal forms software package.
Rather, Standard Legal provides an asset and inventory list that the donor can complete for the benefit of the trustee and/or beneficiaries of the Trust (to assist in locating assets subsequent to the death of the donor). But this listing is not part of the Trust document itself.
Standard Legal’s Living Trust provides for the treatment of assets as a whole for the benefit of the donor during his or her lifetime, and then for the benefit of the person named in the Trust after the death of the donor.
Standard Legal believes that listing specific assets within a Trust document could make the document appear obsolete rather quickly after formation, should assets be transferred, sold, new assets acquired, etc.
Complete details on Standard Legal’s Living Trust legal forms software package here.