Trust Funding
Learn how to fund your revocable living trust by transferring assets like real estate, bank accounts, and investments. Discover the essential steps to make y...
What happens if I forget to transfer assets into my trust?
Assets not transferred into your trust remain in your individual name and will likely go through probate when you pass away, defeating one of the main purposes of creating the trust. This is called an "unfunded trust" and it's one of the most common estate planning mistakes. You can fix this by updating account beneficiaries, recording new deeds for real estate, and retitling investments in your trust's name. The good news is you can transfer assets into your trust at any time after creating it.
