Estate Planning:
Do Not Forget to Fund Your Trust
One of my favorite parts about being an estate planning attorney is the look on our client’s faces when they finish signing the legal documents for their brand-new Trust. They finally have a plan in place to protect themselves, everything they own, and everyone they love — and it is an amazing feeling knowing they have so much control over what happens next. But amid all that excitement, we are quick to let them know they still have one more item on their to-do list: Do not forget to fund your Trust.
All too often, couples think that by signing their documents, the Trust officially controls everything from that moment forward. The reality is that it does not. In fact, the Trust cannot control anything until you transfer ownership of your assets from you to the Trust.
To learn more, read Leigh's full blog post.
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