WHEN I'M TOLD I HAVE TO "FUND" MY TRUST, WHAT DOES THAT MEAN?

My new Estate Planning Law Report, my latest on trusts, is posted at deconcinimcdonald.com (under "recent news").  In it I explain what “funding” a trust means.  

When you establish a trust, the purpose is usually to facilitate the management, and eventual distribution, of your assets. To make that work, at least some of your assets, and specifically those assets that would otherwise be subject to probate, must be owned by your trust. Transferring assets to a newly established trust is, in estate planning lingo, “funding” the trust.

Read the Report to find out more.  In future newsletters, I’ll provide more explanation about how trusts work and why you might need one.