Funding Your Trust in Cary, North Carolina

What Does It Mean to Fund My Trust?

A Trust is a specifically executed document that can provide many benefits to you and your family. However, a Trust's beneficiary is not fully realized unless it is properly funded. The assets you want to be directed by your Trust need to be retitled to your Trust or your Trust needs to be named as a beneficiary on the asset. Your unique situation, trust, and assets dictate what is retitled and where and how your Trust is named as a beneficiary. Knowing your goals and how asset transfers work is essential to properly fund your Trust. Failure to properly fund your Trust means your assets may not avoid probate or be protected. It is best to have legal advice and instructions from an estate planning attorney to ensure your Trust is properly funded.