Do you know the documents that are used to fund your Oklahoma Living Trust?

Have you funded your Oklahoma living trust?

 

You have probably heard that funding your living trust is really important.  I have written about the topic a couple of times on this blog including this post . . . Why do you need to fund your trust or lose it?

But what does “funding” really mean?? Simply put, funding means to legally transfer title to your property from yourself to your living trust.

If you do not fund your trust, you will probably lose most of the value of it.  Below is a diagram I created that identifies some of the basic documents that are used in the trust funding process, with a little bit of explanation about each document.

Snip - docs

 

Posted by Shawn Roberts

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Cazes Roberts, PLLC in Oklahoma City. I live in Edmond with wife Amy and my two children, Sam (17) and David (9). We live precisely in the path of where the "wind comes sweeping down the plains."