The process of funding your Living Trust is not difficult, but it will take some time. Because living trusts are now so widely used, you should meet with little or no resistance when transferring your assets. For some assets, a short assignment document will be used. Others will require written instructions from you. Most can be handled by mail or telephone.
Some institutions will want to see proof that your trust exists. To satisfy them, your attorney will prepare what is often called a Certificate of Trust. This is a document that verifies your trust’s existence, explains the powers given to the trustee, and identifies the trustees. However, it does not reveal any information about your assets, your beneficiaries, or their inheritances.
While the process isn’t difficult, it is easy to get sidetracked or procrastinate. Just make funding your trust a priority and keep going until you are finished. Make a list of your assets and their values and locations. Then start with the most valuable ones and work your way down. Remember why you are doing this, and look forward to the peace of mind you’ll have when the funding of your trust is complete.