Funding your trust is crucial because it ensures that the assets you want to pass on to your beneficiaries are properly transferred and managed according to your wishes. Adequate funding safeguards against probate and legal challenges, streamlining the distribution process and potentially minimizing tax implications.
ACTEC Fellows Elizabeth A. Garlovsky and Shaina Kamen explain the importance of transferring assets into the name of your trust, so you may provide asset protection for your loved ones while maintaining control over the legacy you’ve built.
