Understanding Funding Your Living Trust
Why and How to Transfer Your Assets To Your Revocable Living Trust
13. What about community property status?
Community property status can be continued inside your living trust. Also, if you live in a community property state, your attorney may suggest that jointly-owned assets, especially real estate, be retitled as community property before they are put in your living trust. This can reduce capital gains tax if the asset is sold after one spouse dies.