Estate planning: Unfunded trusts

Estate planning: Unfunded trusts

In the event a trust is not funded, the family must locate all of the decedent’s property and determine how the property is specifically titled.  Each asset will transfer to the listed beneficiary, if applicable, or the Last Will & Testament will determine who receives the property.  In the event there is no Last Will & Testament, state statute will dictate the legal beneficiary.

Posted by Wendy VanCleve on 12/5/2017: Estate planning: Unfunded trusts
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