What does funding a revocable living trust require?
Hillel L. Presser, Esq., MBA
Asset Protection Attorney, Author, Vistage Speaker/Member
Setting up a revocable living trust pursuant to an estate plan is beneficial, however, the revocable living trust must be funded in order for assets to effectively bypass probate. Many people believe that simply creating and signing a trust is enough. This is the farthest from the truth. Each type of asset has a separate funding process. The following is a summary of the most common types of assets and how they can be funded into a revocable living trust.
Real Property: Any real property, which is intended to be titled in a revocable living trust for estate planning purposes, is transferred via a property deed which should be recorded in the property recording office in the county the property is located.
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