1. Trust Property

2. Basic Requirement -- § 112.005 A trust must have property.
A trust is a method of holding title to property; a conveyancing relationship

3. Additional Trust Property -- § 112.006
New property may come from any source unless:
Trust prohibition, or
Property unacceptable to trustee.

4. Types of Property -- § 111.004(12)
Any transferable property:
Real (present & future)
Personal (tangible, intangible, choses in action, right to be a beneficiary, etc.)

5. Types of Property -- § 111.004(12)
But not property the settlor cannot immediately transfer:
Non-assignable contract right
Spouse’s share of community
Property to be acquired in the future
Expectancy to inherit from someone still alive
Birk – p. 551

6. Delivery (trust funding)
Real Property = deed
Personal Property = possession, deed of gift, title registration, etc.
Marshall – p. 551