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What Does it Mean to “Fund” a Trust?

When a Revocable Trust is established, the individual signing the trust must transfer assets to the newly created trust. The process of retitling assets to the Revocable Trust is known as “funding the trust”, or simply “funding”. While creating a Revocable Trust is an important first step in the estate planning process for many individuals […]

What is Probate?

Probate is the court process of administering an estate after the death of an individual. An estate is deemed everything a person owns, but in this context, it refers to either individually owned or trust owned property.  The Probate process is not merely limited to lawfully distributing assets.  It is also the venue to determine […]

What to Do After You Have Created a Trust

Estate planning trusts can be one of the more valuable options available to administer an individual’s financial affairs during a disability or at their death.  Clients have often found that a living trust is superior to other methods.  Most individuals understand that a trust involves the creation of a document (similar to expressing one’s wishes […]

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