Trust Funding

Trust Funding is an important step in the process of Estate Planning. A settlor may want to elect to Quit Claim their house title into the name of the Trust, whereby a trustee or successor trustee could sell or rent the home immediately after the death of the Settlor. This will help avoid an expensive probate court process to get a Personal Representatives Deed in order to facilitate the sale of the home (if left titled in settlors name alone , rather than in trust).

The issue is that during a persons lifetime they may buy and sell many investments and assets. It is important to change your mindset regarding your financial holdings, and to be assured that your investments should be held in trust (or have direct beneficiary designations in the alternative).

It is important to retitle all your real property and investments into the name of your Trust, and to deposit funds in your Trust Account. Keeping up with this new way of thinking, is critical to the successful administration of your Trust.

If you would like to discuss your Trust, then give me a call today.