Make Sure Your Trust Works as Intended
Creating a trust is an important step, but signing the trust document is not always enough. In many cases, assets must be transferred or coordinated with the trust so the estate plan works properly.
At Kanu & Associates, P.C., we help clients in Arizona and New Mexico understand trust funding and the steps needed to align assets with their estate plan.
What Is Trust Funding?
Trust funding generally means placing assets into the trust or updating ownership and beneficiary designations so the trust can control or receive those assets as intended.
This may involve:
- Real estate
- Bank accounts
- Investment accounts
- Business interests
- Personal property
- Beneficiary designations
- Life insurance coordination
- Retirement account planning discussions
Why Funding Matters
An unfunded or partially funded trust may not accomplish the client’s goals. Assets left outside the trust may require additional administration or court involvement.
Speak With an Estate Planning Attorney Today
Contact Kanu & Associates, P.C. today for trust funding guidance and estate plan coordination.