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FUNDING A TRUST
You have gone to the attorney, he has prepared your estate plan and you have signed the Trust, but do you really have a Trust? At your deathbed will your assets get to your heirs? The answer is, maybe not, because after forming your Trust nothing is more critical then funding the trust.
Trust funding is the process by which all of you assets are transferred to your Trust. If your Trust is not properly funded the Trust will be treated as if it never existed and the time and money you spent would be lost, you will not avoid probate and your wishes may not be fulfilled.
Almost everyone will assume that their primary residence and bank accounts should be in the trust but less frequently do they consider what should happen to retirement accounts or insurance policies, and rarely do they think about automobiles, family businesses or investment properties.