A Revocable Living Trust is only as effective as the assets that are actually transferred into it.

A Revocable Living Trust is only as effective as the assets that are actually transferred into it. Signing your Trust documents is an important first step, but if you never retitle your real estate, financial accounts, or other appropriate assets into the name of your Trust, those assets may still have to go through probate. Properly funding your Trust helps ensure that your estate plan works as intended by allowing your successor Trustee to manage and distribute your assets efficiently, privately, and with fewer delays after your death or incapacity. It also reduces the risk of unintended consequences, such as assets passing outside your Trust or creating unnecessary legal expenses for your loved ones. Creating a Revocable Living Trust without funding it is like buying a safe but never putting your valuables inside — your estate plan can only protect what is actually in the Trust. Working with an experienced lawyer to properly fund your Trust and periodically review it as your assets change is one of the best ways to ensure your plan accomplishes your goals.

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