
Funding a Living Trust: Transfer Assets & Avoid Probate
In estate planning, "funding" a trust refers to the process of transferring ownership of your assets into the trust. This typically involves changing the titles or designations of various properties so that the trust becomes the legal owner. Once transferred, these assets are generally not subject to probate. Establishing a revocable living trust is usually a simple process, especially because the person creating the trust (the trustor) usually continues to control the assets and may serve as the trustee.