How do I fund my revocable Living Trust?
To Make sure that your assets are in your Trust during your lifetime and available for you, Balch Law recommends that you FUND your Living Trust, to the extent that you so choose. As stated above, if the assets are not in the Trust at your death or pass to your Trust at your death, those assets pass through Probate at greater expense in terms of time and money. To fund your Trust, you need to move assets that are in your name into the name of the Trust. For example, if John Smith creates a revocable Living Trust and if he is his own Trustee, he would reregister his assets into the name of John Smith, Trustee, of the John Smith Trust dated (date of creation). John Smith could, for example, do this for his bank accounts, brokerage accounts, and for his real estate. The only assets that often should not be put into a Trust are retirement account assets (such as IRA’s, 401(k)’s, etc), because better tax treatment may be available for designated beneficiary individuals. Balch Law works with
