If the trust, for example, owns the policy but is not the beneficiary, someone other that the trust will receive the live insurance proceeds upon your death. Mutual Funds Transfer ownership of your mutual funds using the Certificate of Trust Existence and Authority and a form supplied by the mutual fund distributor. If you purchased your mutual funds through a broker, the broker can help you obtain the correct form. If you purchased the fund directly, call them and request the necessary forms to transfer your account to your trust. Real Estate Transfer real estate by deed recorded with the Register of Deeds.
Most clients ask their attorney to prepare the deeds to transfer real estate into the trust.
If the property is subject to a mortgage, it will continue to be subject to a mortgage. If you do transfer real estate into your trust, have your property insurance agent name the Trustee as the insured under the policy. When you fund your trust, it's important to try to keep the assets in the trust. It's easy, when acquiring new assets, opening new bank accounts, and buying a new car, to forget the trust. If this happens, it's not a catastrophe.