FAQs
Frequently Asked Questions for the Will & Trust
- What is the difference between the terms 'Revocable Living Trust' and 'Revocable Trust'?
- What is the date I need to enter in my revocable trust?
- Where does the date appear on the trust and why is the date important?
- What is the tax identification of the trust?
- What assets belong in a trust?
- What do I do about bank, brokerage and credit union accounts?
- What do I do about retirement accounts?
- Can life insurance be owned in the trust?
- Is there a difference between a revocable trust and an insurance irrevocable trust?
- What do I do about stocks when I have the actual stock certificate?
- How do I fund my trust with stocks from my brokerage accounts?
- How do I transfer my home or other real property into a trust?
- Will there be any tax implications if I have a revocable trust?
- Can I refinance my home that is in a trust?
- What do I do to transfer my business interest, partnerships or LLCs?
- If I was married when we funded the trust with real estate and I get divorced, how do I change title back to my name?
- After the trust is funded will my name still be on the titles of my property?
- After the trust is funded will I be giving up control of any of my assets by changing the title into the trust?
- After I fund my trust is there any difference between owning my bank accounts as an individual and opening them with the trust?
- Do I need to put my car in the trust?
- Are there any assets I should not put in the trust?
- Do I need a will if I have a trust?
- Is it harder to contest a trust or a will?
- Who will police management of my assets in my trust if I become incapacitated?
- If I hold property with right of survivorship do I need a trust?
- What is the main difference between a will & a trust?
- What is an empty trust?
- If I don't have any assets do I still need a will?
- What is the difference between the executor and successor trustee?
- If I am single who should I choose as an executor and successor trustee?