A lot of people take the important step of setting up a living trust. It feels like checking a major box on the “protect my family” list.🏡 But there is one part that often gets overlooked, and it can make the difference between a trust that works and a trust that falls flat when it matters.
Creating a living trust is only the first half of the process. The trust isn’t complete until your assets are actually placed inside it.
On paper, the trust might look official. It has your name, your wishes, and everything you want to protect. But unless your home is retitled into the trust and your bank or financial institutions are notified, your assets don’t automatically fall under it. 💔The trust you built can sit there quietly without serving its purpose.
“Funding” your trust simply means making sure every account, property, and asset is properly transferred. Updating your grant deed with the county, signing your bank’s trust forms, and making sure each institution knows your trust exists are the steps that bring the trust to life.
💡The good news is that once these final pieces are handled, your trust finally does what you created it to do. Your wishes are clear, your assets are protected, and your loved ones aren’t left with complicated paperwork or delays. 🫶
If you already spent the time and energy creating a trust, completing this final step gives you the peace of mind you intended from the beginning.
If you have questions or want to double check that your trust is fully funded, I am always happy to guide you toward the right resources. 🤝
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