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FAQs / Wills / Trusts / What does it mean to fund a trust?

What does it mean to fund a trust?

Trusts can be established for a variety of reasons. The most common type of trust established in Florida is a revocable trust to avoid probate upon the death of the decedent.  The first step to establishing a revocable trust is to draft and execute the document with an estate planning attorney.  Once executed, the testator can begin titling assets in the name of the trust, so that their ownership is now controlled by the trust document.  This process can be referred to as funding the trust.  The type of paperwork that the testator might need to execute to transfer ownership include a deed, assignment, or certificate of title. In order to avoid probate, the decedent should die with no assets titled in his or her sole name.  The goal is that all assets will be titled into the name of the trust, or the assets will either by jointly held or have beneficiary designations.

Wills / Trusts FAQs

  • How Can I Find Out If There Was A Will?
  • Can A Will Be Changed Or Revoked?
  • Can I Specify That Certain People, Like A Brother Or Sister, Should Never Receive Any Of My Property?
  • Can Someone Quit Claim His Property To Me Instead Of Leaving It In His Will?
  • Do I Have To Be In My Home State When I Make My Will?
  • Do Living Trusts Go Through Probate?
  • Does A Trustee Of A Trust Have To Provide An Accounting?
  • Does It Really Take Less Time To Settle An Estate In Which A Revocable Trust Was Used Rather Than Just A Will?
  • Does My Will Have To Be Notarized?
  • How Do You Prove A Will?
  • How Does A Living Trust Avoid Probate?
  • How does a revocable living trust avoid probate?
  • How Long Does It Take to Settle a Trust?
  • How long is a will valid?
  • How often should my will be reviewed?
  • Is a handwritten will valid?
  • My parent died with a will and disinherited me. Can my parent do that in Florida?
  • What are self-proving wills?
  • What are trusts?
  • What benefits does a trust offer?
  • What does died testate vs intestate mean?
  • What does a will usually contain?
  • What does it mean to fund a trust?
  • What happens if we cannot find the decedent’s will?
  • How can someone see the will of a person who has died?
  • What other probate avoiding techniques are there in addition to revocable, aka living, trusts?

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