Creating a living trust is only the first step in securing your assets and avoiding probate. The next step after signing the legal document is re-titling each of your assets and making sure that your living trust is listed as new owner or beneficiary. This step is essential. If this process is not completed It will mean that your assets will not be protected and must go through probate and be subject to your creditors. The process of re-titling your assets, unfortunately, is complicated and time-consuming and often takes months to complete. Financial institutions including banks, transfer agents, insurance companies, and even, in some cases, government entities such as the U.S. Treasury will need forms and specific trust information in order to complete asset transfers.
Fortunately, at Westerbeke Law Firm, we complete this process for you. Unlike most law firms that simply provide their clients with a general memo on how to fund a trust, we will communicate directly with your financial institutions. We will send trust documents and instruction letters, complete company-specific forms, and track and verify your assets so that you can be 100% sure that your trust is titled correctly – and your family’s future protected.
If you would like more information about Trust Funding, we encourage you to contact us for a free consultation.