RV TIP Step 7: Living Trust Using a living trust can consolidate assets, minimize the likelihood of other states claiming that their law applies, and make management of your assets easier by a family member or friend who lives at a distance from where you are Using a living trust can consolidate assets, minimize the likelihood of other states claiming that their law applies, and make management of your assets easier by a family member or friend who lives at a distance from where you are Living trust alone may not suffice, you might need a limited liability company to own real estate or tangibles – consult a lawyer in the state where the assets are located in addition to the lawyer you hire in the state you claim is your domicile Living trust alone may not suffice, you might need a limited liability company to own real estate or tangibles – consult a lawyer in the state where the assets are located in addition to the lawyer you hire in the state you claim is your domicile
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