Legal Question in Wills and Trusts in Washington

Once you listed the accounts as assets of the trust, the trust legally "owns" the underlying assets. You need to notify the banks or other investment vehicles of the change of ownership, so the records will agree. If you use the "trust assets", as the accounts are now, for any purposes other than those dictated or allowed by the trust agreement, there is a risk that the IRS or others (heirs or beneficiaries of the trust or your estate) could challenge the validity of the trust.