Official Living Trust Form:
https://eforms.com/livingtrust/'>https://eforms.com/livingtrust/
More information regarding trusts and how to fund them (plus living trust templates!)
https://bit.ly/2QECHzP
In this video, we discuss:
A living trust’s main usages;
The basics of funding a trust;
How to fund a trust with the real and personal property; and
Much, much more.
Many people believe that, by signing a living trust document, the trust is automatically effective, and that all beneficiaries are set to receive the intended property. However, making a living trust document is often only the first step towards setting up a trust, a process involving retitling of property and naming beneficiaries of certain accounts.
A trust fund is best thought of as a deposit account. All assets, property, and financial accounts can be placed into the fund for beneficiaries to receive after the trust maker’s death.
What can be transferred into a trust fund? Below are just a few of the most common assets:
Real Estate
Motor Vehicles
Stocks and Bonds
Business Interests
Financial Holdings
Life and Retirement Accounts; and
Untitled Property (Jewelry, Clothes, Collectibles, etc).
For more information about funding a revocable or irrevocable trust, watch the video above, and then head to the link above to read an extensive and informative article on the subject.
Free Version:
https://eforms.com/livingtrust/'>https://eforms.com/livingtrust/
DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
0:00 Intro:
0:30 We'll Discuss:
0:44 What Is A Living Trust:
1:10 Revocable Vs Irrevocable Trusts:
1:14 Irrevocable Trusts:
1:20 Revocable Trusts:
1:42 The Basics Of Funding A Trust:
2:10 Throughout Their Lifetime:
2:21 Unfunded Until Death Or Incapacitation:
2:33 What Can Be Transferred Into A Trust:
3:13 Vehicles And Boats:
3:36 What Else Can Be Transferred Into A Trust: