What is the name of your state (only U.S. law)? Maryland
Is there a time limit on funding a Revocable Trust?
Once the trust was written and signed, the owner has yet to fund the trust. I hate to see him waste his money by not funding it properly.
The trust was intended to be funded after being created, not at death, but owner didn't like the fact he has to send the original trust documents to all his multiple stock companies (stocks held in multiple Computershare accounts) for changing title of assets. He feels they could lose the document and therefore doesn't trust them with it.
Any insight you could give would be helpful. Thank you.
Is there a time limit on funding a Revocable Trust?
Once the trust was written and signed, the owner has yet to fund the trust. I hate to see him waste his money by not funding it properly.
The trust was intended to be funded after being created, not at death, but owner didn't like the fact he has to send the original trust documents to all his multiple stock companies (stocks held in multiple Computershare accounts) for changing title of assets. He feels they could lose the document and therefore doesn't trust them with it.
Any insight you could give would be helpful. Thank you.