10 Most Common Mistakes Made With A Trust: #6 Failure To Properly Go Through Funding The Trust
Funding The Trust Is A Critical Piece Of Your Estate Planning!
The trust is only good to govern the things it actually owns. If you keep the funding the trust then your successor trustee can step in and take care of your property and avoid probate. An important thing to remember is to when you decide you to refinance the property needs to be put back into the trust! The lender will not worry about your funding the trust with your property! This leaves you exposed to probate. Make sure you check your property tax bill that it says the trust owns it!
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We offer a many different resources and pamphlets on the subject of creating, updating and implementing estate plans. We also offer a regularly scheduled seminar in our office to help people determine what the best options are for them in their estate planning needs. We hope you sign up for one of our seminars to help you find your best options. We regularly conduct free seminars designed to teach about the benefits of creating an estate plan. The seminars are held on-site at our Anaheim office inside of our “classroom”. We offer light snacks and refreshments to the attendees and the group is often small and intimate, which allows for questions to be asked comfortably and for a very relaxed environment. Please encourage your loved ones to attend the seminar so that they may learn more about the estate planning process and benefits.