Funding a Revocable Living Trust is a critical step in ensuring that your estate plan functions as intended.

Funding a Revocable Living Trust is a critical step in ensuring that your estate plan functions as intended. This process involves transferring ownership of your assets -- such as real estate, bank accounts, investments, and other property -- into the Trust. By doing so, these assets are no longer held in your name but are owned by the Trust, allowing them to bypass probate and be distributed to your beneficiaries seamlessly upon your death. Proper funding also enables the appointed Trustee to manage these assets if you become incapacitated. Many people overlook this step, which can render the Trust ineffective. To avoid complications, it's essential to work with an experienced lawyer who can guide you through the process of re-titling assets and updating beneficiary designations, ensuring your Trust achieves its intended purpose of simplifying estate administration and protecting your loved ones.

If you have questions about Revocable Living Trusts or any other aspect of estate planning, give us a call at 253.858.5434 to set up an appointment today. We represent clients throughout Washington and Idaho and are available to meet in person, by phone, or via video conference.