Properly funding your revocable trust is the key to unlocking its benefits - Crawford Ellenbogen

If your estate plan includes a revocable trust (also known as a “living” trust), it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including probate avoidance. But these benefits aren’t available if you don’t fund the trust. Funding a living trust is a simple matter of transferring ownership of assets to the trust or, in some cases, designating the trust as beneficiary. Be aware that moving an IRA or qualified retirement plan to a revocable trust can trigger unwanted tax consequences. Contact us for details.