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Funding a Living Trust: 5 Ways! 

CunninghamLegal
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Funding a Living Trust is essential- Trusts are not (in general) immediately funded when they are created! That means you need to need to put property into a trust! 👉 Book a Call at www.cunninghamlegal.com/book-... for funding a living trust, putting property into a trust, or esatte planning.
If a trust is unfunded, your heirs will be going to Probate Court and your assets cannot be distributed in a timely way. Trusts are not (in general) immediately funded when they are created-usually, there’s still much more to do! You have to “fund,” or put assets into your trust as soon as possible-and make sure all the right assets have been moved into the trust. In this webinar, we will explore five different ways to fund your trust so that your assets can be properly protected and distributed efficiently according to your wishes. We will cover problems with assets outside of trusts, how to transfer different kinds of assets to your trust, and common mistakes to avoid. Whether you are just starting the estate planning process or you have an established trust that needs to be properly funded, this webinar is a must-watch!
👉 Book a Call at www.cunninghamlegal.com/book-... to learn how to make a living trust, avoid California estate tax, and talk to a family trust lawyer.
SUBSCRIBE to California Estate Planning RU-vid Channel ru-vid.com...
CONTACT us at www.cunninghamlegal.com/calif... to discuss estate planning, keeping your last will or living trust up to date, and find out about upcoming California estate planning events. Offices throughout California.
WEBSITE: www.CunninghamLegal.com for California Estate Planning information
FREE LEGAL WEBINARS: www.CunninghamLegal.com/webinars includes Q&As with expert attorneys!
PHONE: 1-866-988-3956 for a consultation on a California Living Trust!
#cunninghamlegal #estateplanning #livingtrust

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13 сен 2023

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Комментарии : 10   
@conniebDellobuono
@conniebDellobuono 3 месяца назад
Add the trust as contingent beneficiary in all your investments accounts
@CunninghamLegal
@CunninghamLegal 3 месяца назад
Many assets ought to be titled in the name of the living trust. These include bank accounts, non-qualified [not IRA/401(k)] investment accounts, real estate, LLC and partnership interests, etc. On the other hand, IRAs, 401(k)s, life insurance, and annuities typically pass by beneficiary designation. (special circumstances might change this) A contingent beneficiary is a “second in line” person or trust that receives the account on the death of the owner if the primary beneficiary is deceased.
@giftedsincebirth25
@giftedsincebirth25 6 месяцев назад
I love this video, its allowing me to understand real life examples in taking my CLU (Chartered Life Underwriter)Designation
@CunninghamLegal
@CunninghamLegal 6 месяцев назад
I'm really glad you found it useful, thank you!
@bbhillfarm
@bbhillfarm 6 месяцев назад
Very informative- question: my wife and I each have separate Treasury Direct accounts to buy I-Bonds annually. Will you please comment on the pros and cons of funding our living trust with these accounts? It’s complicated for several reasons, including the annual purchase limits of I-Bonds per person.
@CunninghamLegal
@CunninghamLegal 4 месяца назад
I-Bonds can be tricky because of the annual purchase limit. Some coupes buy them separately so you can buy twice as much. If the assets are outside of the trust when a person dies, a probate may be required. We would be happy to review your mater on an individual basis.
@doritochipps5285
@doritochipps5285 9 месяцев назад
Hi i enjoy your videos. Thank you. Ive subscribed. Theyre a little too long
@CunninghamLegal
@CunninghamLegal 9 месяцев назад
Thanks for subbing! Most of our content is about an hour because we go very in depth, but thank you for the feedback. Here are some of our shorter videos: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-8-x1xDiqRWQ.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-BAiQ_-Ng1LU.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-WFP6LXtbEvw.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Lh9OgTgmEr4.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ttaypDcsH0o.html
@hunzybunzy808
@hunzybunzy808 Месяц назад
What happens if you overfund an ILIT?
@CunninghamLegal
@CunninghamLegal Месяц назад
By overfunding, do you mean not all money is going into a life insurance policy? Or if the life policy becomes a Modified Endowment Contract?
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