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Linda Sommers Green, LLC

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            Estate Planning and Wealth Preservation

 

 

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FAQ:

What happens if my trust is not funded?

The single greatest mistake people make when using a living trust is failing to initially fund them or keep them funded as time goes on. The trustee and successor trustees can only control assets titled in the name of the trust. If assets are not in the trust at the time of death or disability, the trust will not effectively pass control of the assets to the person or persons that you have designated in the trust. This means that assets might go through probate at your death and could end up in the hands of the wrong people. A pour-over will can provide a “safety net” for your living trust, but we recommend full and continuous funding of your living trust.

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