WHY IS TRUST FUNDING IMPORTANT?
Family Trusts avoid probate only when the property, assets, and money of your estate are titled in the name of the trust. “Putting” assets into the trust is called “Trust Funding”. The best time to do the trust funding is immediately after the Family Trust is created. Without proper “Trust Funding”, the goal of avoiding probate avoidance is frustrated, and the Family Trust may be ineffective.
TRANSFERING REAL ESTATE TO THE TRUST
Because of the legal requirements of deeds, and the fact that your real property is probably the largest part of your estate, we handle all of the real estate deed transfers for you as part of your Family Trust estate plan. The preparation, execution, and recordation of the deeds is all handled by our office.
TRANSFERING PERSONAL PROPERTY TO THE TRUST
We also provide the legal paperwork to transfer your personal property into your Family Trust as an asset of the trust.
TRANSFERING OTHER ASSETS
When working with us, you are given a choice of plans in the transfer of other assets. One option allows you, with guidance from us, to change the title of accounts and other assets into the name of the trust. The other option, for busy families, is to allow our office, for an extra fee, to handle all of the transfers, and thus, give you to comfort of knowing that all of your asset transfers have been professionally handled by your personal attorney.
Call today 1-714-385-0044 to schedule a consultation or email.