A Revocable Living Trust is only effective if it is properly funded, which means transferring ownership of your assets into the name of the Trust.

A Revocable Living Trust is only effective if it is properly funded, which means transferring ownership of your assets into the name of the Trust. Many people sign a Trust and assume the work is finished, but failing to retitle assets can leave those assets subject to probate despite having a carefully drafted estate plan. Funding a Trust may involve recording new deeds for real estate, changing ownership on bank and investment accounts, updating beneficiary designations where appropriate, and assigning business interests or valuable personal property to the Trust. Proper funding helps ensure your successor Trustee can manage assets smoothly during incapacity and distribute them efficiently after death, often without court involvement. In Washington, taking the time to properly fund your Revocable Living Trust is one of the most important steps in making sure your estate plan actually works as intended.

If you have questions about Revocable Living Trusts or about estate planning in general, give us a call at 253.858.5434 to set up an appointment today.