Funding a trust means putting things into that trust. That might mean opening, titling, retitling, or making beneficiary, designations of financial accounts, like IRAs, 401(k), checking accounts, saving accounts and life insurance policies. It often means filing a new deed for real estate, placing it inside of the trust, and also signing a document, putting all of your personal property into that trust. #TrustFunding #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom #orangec
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What is a Trust and how does it work? Think of a Trust like an empty pot that you are trying to fill. The general idea is to either transfer your assets to the Trust during your lifetime or to list the Trust as a beneficiary to your assets. Once that occurs, you avoid Probate Court, which is one of the main reasons people do estate planning. @dakroubgroup we specialize in estate planning and probate, and we are here to help! Set up your free consultation today! V/C whatsupmedianetwork. | TCD Dea
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