Esq.

THE ATTORNEY'S CORNER: FUNDING YOUR REVOCABLE TRUST

 

 

By Stephen C. Ross, Esq.

April 11, 2014 (San Diego County) – “Funding” a trust is the process of taking assets titled in your individual name, or in joint names with others, and changing the title into the name of your revocable trust, or taking assets requiring a beneficiary designation and naming your revocable trust as the primary or secondary beneficiary of those assets. An asset not retitled into the name of your trust is not governed by the trust terms, the trustee has no power over the asset, the asset may be subject to probate and the asset may not transfer to your intended beneficiaries at your death. The following are trust funding suggestions to ensure assets are included in your trust.


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