Trust Funding vs. Declaration of Trust – What Actually Works?
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In this video, we break down what a declaration of trust is, how it works, and why it’s not a substitute for a fully funded trust. A declaration of trust nominally transfers assets to a trust, but is it enough to avoid probate? We’ll cover:
✅ How a declaration of trust establishes a trust
✅ The "magic wand" method vs. traditional funding
✅ Why banks rarely honor a declaration of trust
✅ The critical importance of fully funding your trust
✅ When a declaration of trust might actually help
📌 Key Takeaways:
A declaration of trust alone doesn’t guarantee asset protection.
Properly funding your trust (through deeds, beneficiary designations, and titling) is essential.
A declaration of trust can serve as a safety net, but it’s not a complete solution.
Видео Trust Funding vs. Declaration of Trust – What Actually Works? канала Speedwell Law
In this video, we break down what a declaration of trust is, how it works, and why it’s not a substitute for a fully funded trust. A declaration of trust nominally transfers assets to a trust, but is it enough to avoid probate? We’ll cover:
✅ How a declaration of trust establishes a trust
✅ The "magic wand" method vs. traditional funding
✅ Why banks rarely honor a declaration of trust
✅ The critical importance of fully funding your trust
✅ When a declaration of trust might actually help
📌 Key Takeaways:
A declaration of trust alone doesn’t guarantee asset protection.
Properly funding your trust (through deeds, beneficiary designations, and titling) is essential.
A declaration of trust can serve as a safety net, but it’s not a complete solution.
Видео Trust Funding vs. Declaration of Trust – What Actually Works? канала Speedwell Law
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13 мая 2025 г. 18:45:03
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