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A revocable living trust is a great tool to help your assets pass smoothly to your beneficiaries, and it can significantly reduce the headaches of probate. However, while some assets belong in a trust, others cannot (or should not) go into one.

Kris maksimovichInvestment adviser representative of commonwealth financial networkHealth savings accounts or medicalLiability companiesRevocable livingAvoid probatePersonal propertyAssets cannot be placedSavings accountsMedical savings accountsFinancial accountsGlobal wealth advisorsInvestment adviser representativeCommonwealth financial networkRegistered investment