How To Fund a Living Trust | Avoid Probate the Correct Way

Setting up a living trust is not going to do you any good unless you properly fund it. What happens is that many times people will create these estate planning tools and they never put their assets into it.

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They assume "well I'm going to bypass probate," only for their heirs to find out that they didn't properly fund the trust. Then they all have to go through probate which goes into the trust at the very end.

If you've set up a living trust or you're considering setting up a living trust, then this is going to be an important video for you on the funding aspect of your trust.

Watch this short video to learn about how to fund a revocable living trust.

Questions or requests for a video topic are always welcome!

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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#livingtrust

[Darnellgenard]

This video is gold I’ve been watching so many videos to find this info 😂 and they were all giving Run around BS info he went straight into the good stuff

[jezzichan]

I really appreciate the straight-forward way that you present information. Until this video, I never considered creating an asset protection LLC for my Charles Schwab account. This is a game changer, thanks!

[_Breakdown]

2:21 - - any asset that is title-able (has one’s name on it) goes into the trust
2:33 - - if not in the trust, it must go through probate-process - - bc - -
2:38 - - it’s the only way to change title for assets in ur name when u pass
3:38 - - Vehicles (some states) - -
3:45 - - death certificate to DMV to transfer title to a beneficiary (check law)

[marlenemclemore]

Thank you . This info is golden . I was just speaking with my son about this last week. He was trying to explain trust to me, but I was lost .😂 you simplify it. Thanks

[theplainenglishattorney]

As an attorney, there's nothing more frustrating than having my trust client's children come back years or decades later after the parents passed on and finding the parents didn't keep up with funding their trust over time despite all of the information we provide our clients on trust funding.

[XtoriezNovel]

What if the owner of the Trust and the Beneficiary both die, how do the remaining family members access anything?
My dad was a paralegal and wrote the Trust. He passed away leaving me the beneficiary, but I don't know how to transfer his car to my brother. And what if I pass away? How does my brother get the house, etc.?

[AmyRucker]

Thank you for this video. I have some some great tips and even showed me a different way to structure my trust.

[EnergyProX]

Thanks for educating your audience on such an important subject!

[annfrost]

Rather than LLCs for investments, we are interested in how to put the house into the Revocable Living Trust. We understand the title of the house has to be the same as the name of the trust. Question is, do we need a title company to change the name? and to record the new name? Are there taxes or recording fees? Once we sign the transfer form for the name change, what's the next step?
Will appreciate a video specifically
on placing real estate into the "box".

[edwinsantayana]

Do you transfer real estate to the trust via a warranty deed or via quit claim deed?

[CarolineHenry-wc]

Hi thx for the info… would you tell me how to fun my fidelity US treasury bills to my living trust

[kukurei]

How about mutual fund and bank account? Need to change the owner to the trust?

[gonzalezricardo]

Can this assets be taken by Medicaid/medicare or just I be looking at irrevocable trust or IUL

[ladillon]

Curious, once I move my mortgaged home into my trust, is the home still in my name where I can deduct my mortgage interest?

[MsBusinessCat]

If my vehicles are being leased do I have to assign those to my living trust or only the vehicles that I own outright? Would it be worth putting a John Deere tractor in my trust?

[paulaagaard]

Should i put cs account in a lcc even if it has a direct beneficiary. How about my 401k. I just had trust made but my attorney said i don't need to put them in since i have beneficiary's listed.

[moeleobha]

What are the pluses and minuses of making a revocable trust the beneficary of IRA, stock holdings - - ?

[CDReimer]

Does the name of the living trust have to be in my legal name (i.e., "Blah B. Blah Living Trust")? Can it be generic like a property trust name?

[equaladimepiece]

Do I need to amend my articles of organization on my LLC to list my trust as the member

[antwankeenan]

When it comes to funding a living trust could you do that with Payroll checks that are directly deposited into the bank account of the living trust? Also you said your personal brokerage account should be placed in the name of a WY llc for asset protection and anonymity then list your Trust as the member for ownership interest. If the account is for personal use how is the WY llc distinguished from being personal use and business use since the Trust has beneficial ownership?