Make Your Trust Actually Work: Funding, Titles, and Beneficiary Updates

Episode Summary:
In this episode of *The Estate Blueprint*, Thomas Begley III discusses the crucial aspect of funding a trust for effective estate planning. He highlights the importance of ensuring that assets flow through the trust as intended, emphasizing the need to review and update beneficiary designations. With real-life examples, Thomas sheds light on common mistakes and the implications of assets not properly transferred into a trust. Listeners gain valuable insights into the key steps to maintain alignment between their trust documents and asset ownership.

Key Timestamps:
00:00 – Introduction
01:30 – Importance of funding a trust correctly
03:15 – Types of assets that need to be retitled into the trust
05:45 – Consequences of a trust not being fully funded
07:20 – Reviewing account titles and beneficiary designations
09:10 – Common mistakes in trust funding and asset transfers
11:45 – Steps to coordinate new assets with an existing trust
13:30 – Ensuring consistency in beneficiary designations
15:40 – Recommendations for checking and correcting a trust's funding

About the Show:
The Estate Blueprint is a comprehensive podcast series hosted by Mike Leon, featuring Thomas Begley III as the expert in estate planning, trust administration, and elder law. Gain valuable insights and practical advice on safeguarding your assets and securing your family's future.

Visit Begley3law.com for more information on estate planning resources and services.

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