Jerry Taylor walks through funding a living trust with your assets. Transfer your home with a quit-claim deed, name the trust as beneficiary on bank accounts, and move personal property into the trust. Proper documentation ensures the trust actually owns these assets when you die.
I'm going to tell you how to put most everything you have in a trust, so save and share this video. We've talked about how to put your home in a trust. Find your current deed on the home, copy the property description from that deed onto a quitclaim deed. That's what it's called in most states. That's just a deed that is transferring ownership only. It's not transferring any type of warranty with it. The quitclaim deed would also reflect the fact that it's— you're changing it from your individual name to the name of your trust. And And once that deed is on file in your local land records office, your home is in the trust. Next would be bank accounts. Leave your checking and your savings bank account in your own name, but name the trust as the primary beneficiary of those accounts. It's also a good idea to actually create a trust account during your life. The reason for that is on the date of your death, your executor trustee will have immediate access to anything that is in the name of the account, including that trust account. How about personal property? Everything you own, your furniture, clothing, everything that doesn't have a title on it. You transfer
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