Please use the following Table of Contents to find the appropriate topics in this section.


Introduction to Funding a Living Trust

  • The Role of Funding

Establishing a Funding Plan

  • The Trust Instrument
  • The Durable Power of Attorney
  • General Considerations in Funding a Trust

Titling Property in a Living Trust

  • How to Title Property
  • Naming the Trust
  • Creating a Property Schedule
  • Giving Copies of the Trust Instrument to Others
  • Employer Identification Numbers (EINs)  

Transferring Real Property to a Living Trust

  • Real Property Located in the State of Domicile
  • Warranty Deed vs. Quitclaim Deed
  • Title Insurance
  • Due-On-Sale Clauses
  • Refinances
  • Real Property located in other States
  • Other situations involving Real Property
  • Homesteads
  • Property tax exemptions

Transferring Tangible Personal Property to a Living Trust

  • Automobiles and other vehicles
  • Boats
  • Airplanes
  • Other Tangible Personal Property

Transferring Intangible Property to a Living Trust

  • Bank Accounts
  • U.S. Savings Bonds
  • U.S. Treasury Bills
  • Investment Accounts
  • Publicly-Traded Stocks and Bonds
  • Notes, Mortgages and other IOUs
  • Promissory Notes
  • Mortgages

 

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