Funding Your Living Trust

Over the last several years, estate planning has become an increasingly important part of my legal practice. Most of my estate planning clients have Hyatt legal insurance coverage, which offers basic estate planning services at no additional cost. Many Hyatt clients elect to set up a Revocable Living Trust, primarily to avoid having their estate go through probate. To make sure that the goal of probate avoidance is accomplished, it is imperative that a client properly fund the living trust after the trust has been established.

While Hyatt legal plans offer excellent value to clients wishing to set up living trusts, Hyatt does not cover the trust funding process. While I am more than happy to assist clients in setting up their trusts on an hourly fee basis, most clients are able to accomplish this process themselves without having to incur legal fees.

Rather than regurgitating advice already available online for funding living trusts, I will simply provide the following links, which I have reviewed and endorse:

How to Fund Your Revocable Living Trust
Funding the Living Trust

I should note that, at present, Hyatt appears to cover at least the transfer of real property into the trust, although this may change in the future.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s