The Importance of Trust Funding (On-Demand)

Course Description

This course explores the critical role of trust funding in effective estate planning. Attendees will learn how to identify client assets, determine which should be titled in the name of a trust, and navigate beneficiary designations. The session provides practical guidance on how to properly fund a revocable living trust, including real property, investment accounts, life insurance, and retirement assets. Special attention is given to common pitfalls, SECURE Act implications, and opportunities to integrate trust funding services into legal practice for enhanced client outcomes and firm profitability.

Principles

• A trust achieves its purpose only when it is properly funded
• Effective trust funding requires asset-specific planning and execution
• Beneficiary designations must be coordinated with the overall estate plan
• Ongoing trust funding enhances both client outcomes and legal practice value

Syllabus

1. Understanding the Purpose of Trust Funding
2. Identifying and Categorizing Client Assets
3. Funding Procedures by Asset Type
4. Navigating Beneficiary Designations and SECURE Act Considerations
5. Practical Strategies for Implementation and Practice Growth