Home / Blog / Daily Estate Planning Tip

Daily Estate Planning Tip

If you go through the time and expense to establish a Revocable Living Trust, be sure to “fund” the trust. Too many times individuals think the trust itself will assist in “avoiding probate” and we end up needing a full probate administration or have to establish a guardianship during the client’s lifetime due to the fact that the assets have not been properly placed in the trust. To “fund” the trust you need to contact your bank, investment account manager, life insurance or annuity company and have them re-title your accounts or rename your beneficiaries to ensure the trust has authority over your property. Real property gets re-titled by doing a new deed. Work with your attorney to make sure this task is accomplish.