It is crucial to properly fund your trust otherwise the trust will not work like you want it to. Funding is the process by which your assets are placed in the trust. A trust is a bit like a bucket that has a rule book attached to it that controls who can hold the bucket and what is to happen to its contents. The trustee is the person who holds the bucket, protects and controls the assets inside, and the rule book directs them on what they can and cannot do. The trustee has no power to control assets that are not placed into the bucket (the trust). As such, it is critical for all of your assets, with a few exceptions such as retirement accounts, to be “put inside the bucket.” The method in which assets are placed into the bucket varies based upon the type, size, and nature of the asset. The Funding Instructions document provides detailed instructions so that you can ensure all of your assets are properly placed into the trust both initially and throughout the years that follow the creation of your trust
Thank you for contacting us. We'll get back to you as soon as we can.
Oops! It looks like something went wrong.
Please call us at (480) 390-6089.