Funding the Trust is an essential but often overlooked step towards avoiding a lengthy and expensive probate. Creating a trust instrument, with all of the appropriate instructions, provisos and expressions of intent, is worse than useless if no step is taken to fund the trust by transferring assets into the trust. Even when attorneys draft the trust instrument, they have been known to assume that clients will take this important step without explaining to them the need and … [Read more...] about The Pitfalls of Unfunded Trusts
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