As trustee, do I need an attorney to help me fund a sub-trust? In most cases, the answer is yes, trustees should seek guidance from an experienced attorney when it comes to the administration of a trust involving sub-trusts.
Trust funding is important because many of the benefits that are provided by using a trust are not accomplished unless the assets are actually moved into the trust before the creator passes away. This often means the trustee is responsible for funding the sub-trusts.
Trust funding is perhaps one of the most important aspects of any estate plan. If you create a trust to avoid probate, manage your assets, or save money on taxes, ensuring that it is properly funded is the key to the trust’s success.
Having a family or being married are not the only reason to create an estate plan. Single people need estate planning too. We discuss the reasons for creating an single life estate plan.
Pregnancy planning includes deciding many things about how to protect your child in the first few years of life, but it should also include planning long term for the addition to the family.
