Trust Funding - so very important!
In the world of estate planning, a trust can be a powerful tool to ensure that your assets are managed and distributed according to your wishes. However, there's one critical step that many people overlook: funding the trust. If you’ve taken the time to establish a trust, it’s essential to understand why funding it is just as important.
What Does "Funding Your Trust" Mean?
Funding a trust simply means transferring ownership of your assets into the trust’s name. This can include real estate, bank accounts, investments, and personal property. Without proper funding, your trust is like a beautifully constructed house with no furniture—ready for use but unable to serve its intended purpose.
All About Pet Trusts
In a world where our pets are cherished members of the family, planning for their well-being beyond our own lifetimes has become a growing concern. As responsible pet owners, we want to ensure that our furry friends continue to receive the love, care, and support they deserve, even when we're no longer able to provide it ourselves. This is where "pet trusts" come into play—a legal arrangement designed to safeguard the future of our beloved companions.