#5 of 25 Common Estate Planning Mistakes – Not Funding

Not Funding Your Living Trust
Living trusts must be funded to avoid probate and the
need for guardianship. “Funding” a living trust means
completing the process of retitling your assets from
your individual name to the name of your trust. Funding
includes both assets with titles (like real estate) and those
without titles (like household furniture). When the funding
process is not completed, one of the primary benefits
of a living trust, avoiding probate, will be lost since the
unfunded assets are subject to probate.