My recent Estate Planning Law Report, my latest on trusts, is posted at deconcinimcdonald.com. 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 assets. To make that work, there must be assets that are owned by the 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.
If you want more information right now, you can check my newsletter archive.
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The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.