Use this document to create a trust in respect of personal property; i.e. property other than land, or property built on land (known as real property). Personal property can include personal possessions (i.e. items that you can touch and move such as vehicles, furniture, boats, collectables, etc.) and intangible assets (i.e. items that you cannot touch such as the rights to the proceeds of an insurance policy or investment; the right to receive payment of a debt; intellectual property rights, etc.). This document is not suitable for use where the item of personal property is owned by more than one person. This document is suitable for use in England, Wales and Northern Ireland.