One of the most common mistakes people make after completing their living trust is failing to appropriately retitle their bank and financial accounts in the name of their living trust. While the creation of your living trust is vastly important, we can’t stress enough the importance of taking the further step of placing title to assets into the trust. Changing title to assets will help to effectuate your intention of your assets being passed at your death to your named beneficiaries through your trust, all while avoiding probate.

Assets that may need to be retitled to the name of your living trust:

Checking Accounts
Savings Accounts
Certificate of Deposit
Money Market Accounts
Stocks
Bonds
Investment/Brokerage Accounts (non-qualified)
Real Estate
Business Interests

If you have previously created a living trust but you have not changed title to your accounts, or you are unsure or just feel overwhelmed by the process, schedule an appointment with the Law Office of Heather Miller. Bring in a copy of your trust, a list of your assets, statements for your accounts and let’s sit down together to ensure you have everything properly titled so you can rest assured your loved ones will avoid the probate process. Meetings for assistance with retitling assets are billed at an hourly rate.