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Dutchess OfficeThere are several ways to fund your trust
Establishing an estate plan is just the first step in preparing for your future care and the future care of your loved ones. If you have chosen to set up a trust for tax and probate purposes, it is important to stick to a regular schedule of funding your trust.
Funding your trust is the process of re-naming your assets so that they are in the Trust’s name and therefore separate from your estate. Generally, trusts hold certain types of assets, such as annuities, stocks, bonds, mutual funds and life insurance policies. Funding a trust is critical, since only those assets that are officially contained within your trust are legally protected.
To learn more about New York elder law, New York Estate Planning, NY Elder, and New York Special Needs Planning, visit LittmanKrooks.com.
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One Response to “There are several ways to fund your trust”You must be logged in to post a comment.
April 18th, 2010 at 9:30 pm
Thanks I really needed this.