What shouldn't I put in my Living Trust? Automobiles I don't recommend putting your automobile into a Revocable Living Trust mainly because if you should get into an accident, and the other person sees that your car is owned by a Trust, they may think you are wealthy and look to sue in a situation where they otherwise would not. Now, if you own a classic car, hot rod, or other collectable car that you plan on keeping for a long period, then it makes more sense to put the auto into the Trust. Usually these types of cars are not "daily drivers" and pose less of a risk of lawsuit like discussed above. IRA's and 401(k) IRA...
