Set Up Trust

Video Transcription

If you want to protect your assets and avoid probate, there is no question a revocable trust is the way to go. But estate planning attorney Randell Doane says, just setting up a trust won’t help you-unless you take the next step.

“The trust has to be funded…. All that means is, if I’m the client takes my assets and put them into the trust.  So how do i do that, if it’s real estate i make up a deed to say it’s owned by the trust or it’s a bank account I get it changed into my name as trustee if its a money market account- same thing”

Randell Doane says many lawyers don’t even encourage clients to fund their trust, much less help you through the process.

If you need more information about how to set up a revocable trust or how to fund it, call Doane and Doane attorneys at law, at  561 656-0200 or log onto doaneanddoane.com