How to Fund a Trust: 3 Methods

Understanding how to fund a trust is essential for anyone creating an estate plan in the Port St. Lucie, Florida area. Funding a trust is simply the terms attorneys use to describe the process of taking an individual s property and transferring it into the trust s name, so the trust becomes the new owner. The trust funding process is essential if you want to get the most out of the trust, and knowing how to fund any trust you create is important regardless of the kind of trust you create. How to Fund a Trust: Property Assignment One of the easiest ways to fund a trust is to use a property assignment. With a property assignment, the trust maker can take his or her personal property and transfer it to the trust with a simple document. The assignment document is usually fairly simple, describing the property being transferred, naming the trust, naming the trustee, and including some basic terms or legal boilerplate. Your attorney will draft the assignment for you, though you will have to
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