Many individuals are under the impression that their will is sufficient. Once you die your children have to go through the probate process in order to receive the estate. The reason for probate is due to the fact that the owner of the property or asset is now deceased. However, if the property or asset would have been placed within a trust, the children would have had the legal right, through the trust, to manage the property or asset and distribute it according to the specifications of the trust . To do this, RDG and Legacy prepares funding forms to transfer your assets into the name of the trust.
Funding is the process of transferring the name on accounts or property to the name of the trust.
For example, accounts in the name of Jim and Mary Stevens, would now be held in the Jim and Mary Steven Revocable Family Trust. Funding would be performed on all properties and assets. Upon the death of first spouse the surviving spouse would maintain control. With RDG and Legacy we provide all the settling instructions so that the children can handle all the specifics themselves without hiring an attorney. Our trust provides amendment forms for you to change your specifications at any time.