When you fund your trust, it means you are transferring your assets into your trust’s name. Your assets are important and need to be planned with caution or else there can be risks that can ensue. If they are not properly transferred, the trust will simply become ineffective after you have passed away.
You can build and fund your trust while you are alive, or after you have died. This is simply done by transferring your assets to a fund and changing the designated name of your trust to the trustee’s name. While you are still alive, you can name yourself as a trustee in order to still claim control over the assets until you have passed.
Our estate planning attorneys at BK Law Group are experienced in creating and funding well-detailed trusts. We take the extra step to ensure the future of your assets’ whereabouts will be protected and in good hands.
Call us at (952) 314-5101 or use our contact form to arrange a consultation with our attorneys. We offer convenient office hours, flexible appointment times and reasonable fees. We look forward to hearing from you soon!