Attorney, Daniel H. Alexander has over 20 years of experience in Estate Planning, Business Planning and Civil Litigation.
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Today, we wanted to take some time to talk about a lesser-known part of estate planning: Trust Funding! Here's what it is, how it works, and why it's important:
-You fund your trust by legally transferring your assets from you to your trust and/or making your trust the legal beneficiary of certain asset(s).
-You do this by physically changing the titles of your assets from your name to the name of your trust and/or setting up a Transfer on Death process so that the asset remains in your name until your death when it will automatically be transferred to the name of your trust.
-Funding your trust with assets helps ensure that your assets will not be subjected to a probate process.
Funding your trust is one of the most critical - and most overlooked - steps of estate planning. Our team will ensure that yours is correctly funded and that you have nothing to worry about. Schedule a free consultation with us to learn more about this process and talk about your options. https://www.dalexander.com/estate-planning.html