FAQ:

Can I do my own trust funding?

As odd as it sounds, we find that most people cannot accomplish their own trust funding. There are several reasons for this. First, once a trust has been signed, clients tend to experience a sense of relief that the planning is over, and funding gets put off and eventually forgotten. Second, funding requires meticulous attention to detail and some knowledge of law, banking, forms, deeds, titling, real estate and the proper conveyance instruments. Most people lack the knowledge to get all of their property transferred. Finally, banks, title companies, mutual fund companies, motor vehicle departments, stock brokerage firms, corporations, closely held businesses, insurance companies and other large institutions that hold your assets are notorious for their inability to provide simple customer service. Often the customer service person you talk to doesn’t understand living trusts. Therefore, these institutions are unable to help you with the necessary paperwork to transfer assets you hold with them to your trust. In many cases these institutions actually give erroneous advice and thwart your efforts to fund assets into your trust. In every living trust-based plan implemented by our office, we work closely with you to assure that all assets are funded into your trust, and we provide an updating and maintenance service to assure that your trust is always funded.

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