Assertion: trust's asset | /r/HasProperty | transferred into the trust
Facets:
value: via the trust document
type: MANNER
value: without the need
type: MANNER
value: via retitling
type: MANNER
value: during lifetime
type: TEMPORAL
Source sentences:
text: A trust avoids probate because assets transferred into the trust are held in the trust’s name and not in your name as an individual.
text: In essence, a Trust is not dissimilar to a will except that assets are transferred to Trustees during lifetime rather than those assets being transferred to executors on death.
text: Also, since the assets have been transferred to the trust, you are relieved of the tax liability on the income generated by the trust assets (although distributions will typically have income tax consequences).
text: If out-of-state assets are held in trust, the assets may be transferred by the trustee pursuant to the terms of the trust without the need to go to probate court.
text: In order to become trust assets, your personal assets need to be transferred into the trust via the trust document or retitling.