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In the three prior posts, we provided an overview of the background and rationale for using and funding your Revocable Living Trust.  How specifically do you do so? Of course clients and facts differ, but let’s assume Ozzie and Harriet Client have been married many years and they desire to leave assets to each other… Read »

A critical objective of any estate plan is funding your Revocable Trust to avoid probate. Funding Revocable Trusts I and II discussed the importance of doing so. But transferring assets into a Trust during your lifetime begs the following questions: What am I giving up? Am I losing control? Am I adding complexity and compliance… Read »

In funding Revocable Trusts Part I, we discussed the importance of avoiding probate. We also pointed out Revocable Trusts are the tool of choice rather than Wills because of probate avoidance. However, a basic question prior to directing assets into your Revocable Trust upon death, is how do assets pass upon death? First, if an… Read »

Perhaps the most complicated, but fundamental, estate planning aspect for most clients is funding their Revocable Trust. Often times a Revocable Trust is established, primarily to avoid probate. However, if assets are not transferred into the Revocable Trust probate is not avoided. Probate is the process whereby the county where you live at your death… Read »