What does it mean to fund a trust?

What does it mean to fund a trust?

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Usually we hear funding a trust in the context of a revocable living trust. Funding a trust is the process by which you change the titling on your assets to the titling of your revocable living trust. If you fail to take this critical step, then you have not utilized the full benefit of a revocable living trust. In fact, you have actually not achieved the most significant benefit of utilizing a revocable living trust, which is the process of avoiding probate. Funding a revocable living trust is extremely important, and you can use an elder law attorney to help you make sure that that process is taken care of and fully completed.