Once you have created your trust, you are tasked with funding it. Funding your trust is the process of transferring your assets into it. By funding your trust, you avoid court-supervised conservatorship proceedings if you should become incapacitated or die. Any assets forgotten or left out of the trust will be “caught’ in the will. Meaning any assets left out of your trust will have to go through probate.
What Assets Can I Fund My Trust With?
Common assets people fund their trust with include, deeds to their real estate, bank accounts, stocks, bond accounts or certificates. A Folsom estate planning attorney can assist you with the process of funding your trust. At Travis G. Black & Associates, our attorney can review each asset with you and provide you with information regarding the process of transferring it to your living trust.