Funding a trust is just as important as setting it up. Learn why it's important to fund your revocable living trust and how to fund specific assets including bank and investment accounts, stock certificates, savings bonds, personal effects, retirement accounts, life insurance, business interests and real estate.
What Does it Mean to Fund a Trust?
In order for a Revocable Living Trust to function properly, it's not enough for the Trustmaker to simply the sign trust agreement. After the agreement has been signed, the Trustmaker must “fund” his or her assets into the trust. Learn what it means to fund a Revocable Living Trust.
In order for a Revocable Living Trust to function properly, it's not enough for the Trustmaker to simply the sign trust agreement. After the agreement has been signed, the Trustmaker must “fund” his or her assets into the trust. Learn what it means to fund a Revocable Living Trust.
What Are the Procedures for Funding a Trust?
In order for a Revocable Living Trust to function properly, it's not enough for the Trustmaker to simply sign the trust agreement. After the agreement has been signed, the Trustmaker must “fund” his or her assets into the trust. There are three general procedures that should be followed in order to properly fund a Revocable Living Trust.
In order for a Revocable Living Trust to function properly, it's not enough for the Trustmaker to simply sign the trust agreement. After the agreement has been signed, the Trustmaker must “fund” his or her assets into the trust. There are three general procedures that should be followed in order to properly fund a Revocable Living Trust.
If you've created a Revocable Living Trust to plan for mental disability and avoid probate and you think that your estate plan is done once you've signed the trust agreement, it isn't. Why not? Because after your Revocable Living Trust has been signed you'll need to "fund" it with your assets. Learn what types of assets can be retitled into the name of your Revocable Living Trust.
What Types of Assets Can't Go Into a Revocable Living Trust?
If you've created a Revocable Living Trust to plan for mental disability and avoid probate and you think that your estate plan is done once you've signed the trust agreement, it isn't. Why not? Because after your Revocable Living Trust has been signed you'll need to "fund" it with your assets. But not all of your assets can go into your trust. Here's a list of what types of assets can't be re…
If you've created a Revocable Living Trust to plan for mental disability and avoid probate and you think that your estate plan is done once you've signed the trust agreement, it isn't. Why not? Because after your Revocable Living Trust has been signed you'll need to "fund" it with your assets. But not all of your assets can go into your trust. Here's a list of what types of assets can't be re…
for more information: http://wills.about.com/od/howtofundatrust/
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