There is a lot of work that goes into setting up a trust. People have to get the correct forms filled out, including an advance healthcare directive form, property management form, and other necessary forms, which people often make mistakes on. The biggest mistake people make with their trust, however, is forgetting about it and not funding the trust. When a trust is not funded, a person's assets and belongings do not change names. Many attorneys do not fund trusts, and trusts fail without the correct funding. Names on titles to property and on investment and asset accounts do not automatically change - a lawyer will need to fund the trust before the changes take place.
This is what the CA estate and probate lawyers of Field Law do. We make sure that all of your belongings are in the trust, and that the trust will not fail. This will give you confidence that the document you established will control how your heirs will receive your property. Call us today at (855) 503-0699 or (818) 369-7900 for a free consultation. You can also visit our website at www.fieldlawpc.com to read our informative articles, books and other resources.