How To Fund A Trust The Right Way!
What does it mean to fund a trust? It means retitling your assets into the trust—held by you as trustee, not as an individual, explains estate attorney Andrew Dósa. Skipping this step defeats the plan: he recalls a client who insisted on retitling her home herself, never did, and forced a costly court petition that shrank what her beneficiaries received.
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Answered by Andrew Dósa · Tacoma, WA and Oakland, CA
Highlights
— what funding means: retitling assets to you as trustee
Frequently Asked Questions
What does it mean to fund a trust?
It means retitling your assets into the trust, held by you as trustee rather than as an individual—skipping this step defeats the plan, as one client's failure to retitle her home forced a costly court petition that shrank what her beneficiaries received.
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