I often advise clients that proper asset titling is one of the most important things with estate planning. I recently said, that having a Trust without the trust properly “funded” is like having an automobile without fuel. I think that message resonated as I received some positive feedback.
To further illustrate the importance of proper Trust Funding I will use a baseball analogy. To have a Trust that is not properly “funded” would be like Tim Wakefield throwing his famous knuckleball to a little league catcher. Unfortunately, its just not going to work out! The unfunded Trust, like the knuckleball not being caught will result in failure, losses and a very unhappy team or in your case a very unhappy family!
Like catching the tricky knuckleball, trust funding can be complex and tedious and should not be a Do It Yourself (DIY) job! It requires experience and a certain skill set.
We utilize our very successful Trust Funding Process to ensure the success of our clients estate plans. If you or anyone you know has an “unfunded” Trust or have questions about trust funding give us a call we are here to help!
Check out what our clients are saying about us: https://www.myfamilylifeplan.com/Testimonials.php
Have you or your elderly loved ones got your affairs in order by updating your Will and Trust so that your home and cash assets are protected?? There has been many changes in laws and your life that may have impacted your estate plan. Call us for a review!
If you have any questions or would like to schedule a consultation please call Attorney Patrick Kelleher at 781-871-PLAN (7526) or by email at Pat@myfamilylifeplan.com
Our firm helps families taking care of them for life. We not only “create” their Will and Trust, but we “maintain it and keep it updated” for them throughout their life! The meter is not running for our ‘Client Care Plan’ members!
Patrick J. Kelleher is a South Shore, MA resident and estate planning attorney serving and protecting families and businesses in the South Shore, MA area. For more information on estate planning visit our firm’s website at www.MyFamilyLifePlan.com where you can check out our Blog, free Newsletter library, free Estate Planning Channel on Youtube and sign up for a Free e-Newsletter!
Also serving the following communities South of Boston; Quincy, Milton, Braintree, Randolph, Holbrook, Weymouth, Scituate, Norwell, Hingham, Cohasset, Hull, Hanover, Pembroke, Duxbury, Marshfield, Plymouth, Rockland, Hanson, Halifax, Plympton, Carver, Abington, Whitman, Kingston
This article is not intended to provide legal or tax advice or create or imply an attorney-client relationship. No information contained herein is a substitute for a personal consultation with an attorney.