What does funding a revocable living trust require?

What does funding a revocable living trust require?

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. 



Read more on our BLOG.

要查看或添加评论,请登录

Hillel L. Presser, Esq., MBA的更多文章

  • Why Would You Use International Asset Protection?

    Why Would You Use International Asset Protection?

    There are many reasons why international Asset Protection is so effective. One reason, for example, is that…

  • Estate Planning Tips to Protect Minors - Part 1

    Estate Planning Tips to Protect Minors - Part 1

    Estate Planning involves creating documents that outline how your assets will be taken care of when you pass or in the…

  • What Is the Best Business Structure for a Small Business?

    What Is the Best Business Structure for a Small Business?

    There are three primary types of business structures, the sole proprietorship, the partnership, and several types of…

  • What Types of Incapacity Planning Arrangements Are There?

    What Types of Incapacity Planning Arrangements Are There?

    There are seven major types of incapacity planning arrangements that are important to discuss here. The following is an…

  • Protecting Your Home

    Protecting Your Home

    How do people typically lawsuit-proof their home? It's not that difficult to minimize the home equity that is exposed…

  • The Litigation Problem in America and Why Asset Protection is So Important?

    The Litigation Problem in America and Why Asset Protection is So Important?

    The litigation problem in America has reached epidemic proportions. About 50 million lawsuits are filed every year.

  • You Cannot Wait to Protect Your Assets

    You Cannot Wait to Protect Your Assets

    The best time to protect yourself is before a creditor threat is foreseeable. While it’s not necessarily too late to…

  • FAQ On How to Title Your Assets

    FAQ On How to Title Your Assets

    It seems that the first step to defensive planning is to get your assets out of your own name. Correct? Yes, unless…

  • How Can I Equity Strip My Assets?

    How Can I Equity Strip My Assets?

    This strategy calls for you to borrow against or otherwise pledge your assets as collateral security for some…

  • Can You Protect Your Assets Against Divorce?

    Can You Protect Your Assets Against Divorce?

    Unquestionably, a fair, legally-binding pre-marriage agreement is your safest way to secure your assets. A pre-marriage…

社区洞察

其他会员也浏览了