Many people create a revocable living trust to avoid probate. Creating the trust is only the first step in the process. The second and equally important step to avoiding probate with a revocable living trust is retitling your assets in the name of the trust. This process is called “funding” the trust. Once funded, your trust needs to be reviewed periodically and updated to include new assets and to ensure it still fulfills your estate planning goals.
Our 12-page guide discusses all you need to know about managing your revocable living trust.
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