 Another mistake is to put your homestead in the trust. A homestead has numerous benefits that can be lost when put into a trust unless it's a special type of trust. Watch state law on this one. Also, don't put a vacation home in a trust. If you do it, make sure to put enough money in the trust so that the beneficiaries can maintain the home. Better yet, put it in a family limited partnership or an LLC. It might be a good idea to check with your heirs to see if they even want to have to deal with the vacation home.