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Living Trust, Legal Forms - New York Living trust - "FUNDING" THE TRUST

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Living Trust<br>Related Legal Information  

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New York Living trust - "FUNDING" THE TRUST.


For a Living Trust to take effect, title to the grantor's assets must be transferred into the trust. For example, title to any bank accounts, stock certificates or real estate owned by the grantor must be transferred into the trust. Contrary to the impression created by many Living Trust salespeople, the grantor must take affirmative steps to transfer assets and fund the trust. Merely executing the Living Trust itself will not cause the trust to become funded.
 
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Problems solved by estate planning  

Problems Solved by Estate Planning
A living trust can solve many of the problems encountered in estate planning. Some ...

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Try to avoid probate with Living Trust  

Try to Avoid Probate with Living Trust
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The AB living trust saves taxes  

The AB Living Trust Saves Taxes
Some people must consider federal estate tax when planning their finances. Estate tax ...

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