{{ wiki.title }}
{{ wiki.title }}
Law & Legal
  1. How to Qualify for a Medicaid Waiver
  2. Six Reasons Someone May Be Placed Under a Guardianship
  3. What Can Be Included in a Will?
  4. How Much Should You Put as a Down Payment on a House?
  5. 3 Assets That Can Fund a Trust
  6. Why You Should Have a Life Insurance Policy
  7. Is Real Estate a Good Financial Investment?
  8. S-Corp vs. C-Corp
  9. 5 Reasons Someone Might Disinherit a Child
  10. Benefits of a Testamentary Trust
  11. Steps on How to Sign Up for Life Insurance
  12. What is the Estate Administration Process?
  13. What Types of Government Benefits are Available for the Elderly?
  14. What is the Job of an Executor?
  15. What is a Simple Estate Plan?
  16. Why You Should Have a Will
  17. 3 Things You Need to Prepare Your Taxes
  18. Tips for Planning an Estate
  19. What is Electronic Notarization?
  20. Are There Requirements to Qualify for Medicaid Home Care?
  21. 3 Benefits of Tax Planning
  22. 3 Things to Know About Retirement Planning
  23. How Does Mental Illness Impact Your Estate Planning Process?
  24. What is a Lawsuit for Wrongful Death?
  25. What is The Tax Code?
  26. Guide to Become a Tax Advisor
  27. Does My Parents' Divorcing Impact My Inheritance?
  28. Guide to Understand When You Should and Shouldn't Buy a Home
  29. 3 Things a CPA Can Help With
  30. Tips to Maximize Your Tax Refund
  31. 3 Reasons You Should Have a Tax Accountant on Retainer
  32. Do Self-Employed Individuals Get Taxed Differently?
  33. What are Unclaimed Funds?
  34. 4 Things to Know About Surrogate's Court
  35. 3 Reasons Having Advance Directives is Important
  36. What are Estate Taxes?
  37. What is The Estate-Tax Exemption?
  38. Who Has to File Taxes?
  39. 3 Reasons You Should Have a Trust Protector
  40. Understanding Spousal Impoverishment
  41. Who Files Taxes For Businesses?
  42. Should I File My Taxes Using Turbo Tax?
  43. 3 Ways to Protect Against Financial Exploitation
  44. Who Qualifies for a Special Needs Trust?
  45. Guide on How to Write Off Business Expenses When Doing Your Taxes
  46. 3 Things Every Small Business Should Know
  47. Why Updating Your Will is Important
  48. What is the Probate Journey?
  49. What Happens if I Don't File My Taxes?
  50. Tax Accountant vs CPA
3 Assets That Can Fund a Trust {{ currentPage ? currentPage.title : "" }}

Creating a trust can be a wonderful way to preserve your legacy after your passing. A trust is usually set up to protect certain assets that are designated to be passed along to a named entity after death. Trusts can also allow certain assets to be passed along to entities while you are still living so long as certain conditions are met.

In either case, a trust helps to ensure that your assets go where you want them when you want them to go. Additionally, setting up a trust can provide security for your loved ones while adding a degree of anonymity to the probate process. You may be able to avoid much of the hassle of probate when you utilize a trust to pass along assets.

Below are three assets that are often used to fund trusts:

Real Estate

Real estate is one of the most common types of assets used to fund trusts. When you place real estate into a trust, doing so not only protects your real estate investments from needless litigation upon your passing, but you can also help to protect the privacy of the entity or entities receiving the property.

Stocks

Stock investments can be put into trusts as well. Adding a stock portfolio to a trust can be a great way for an investment to grow. When the time is right, the trust can be accessed by the designated entity or entities for financial security in the future.

Certificates of Deposit

Certificates of deposit (CDs) are another wonderful option for funding a trust. These investment vehicles can offer additional financial security to loved ones down the road and can take a lot of hassle out of probate.

Use the Right Attorney

You’ll likely want to involve a local estate planning attorney in the establishment of any trust you set up. A local attorney will know the laws and regulations regarding trust issues in your specific region. In NYC, you’ll want to know about funding your trust New York City laws regulate.

Like other cities and areas of the country, New York City may have special regulations regarding the establishment and funding of trusts. By working with an attorney, you’ll know about funding your trust New York City laws regulate without having to worry about missteps along the way.

Author Resource:-

Mark writes often about estate planning. His articles may include topics like real estate closing attorney and business succession laws to help the people in needs. You can find his thoughts at estate planning blog.

{{{ content }}}