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Congratulations, you have established your revocable living trust! Now what?

To ensure that your estate is in the best position to avoid probate upon your passing, you must now ensure that your trust is properly funded and that all of your assets are appropriately titled. The following FAQs are questions that we commonly receive from clients during the trust funding process.

If you would like further guidance regarding the funding process, be sure to review our Trust Fund Guide.

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General

• Are there any ongoing or annual fees associated with my revocable living trust?
• If I move out of the state of Texas, do I need to update anything in my estate plan? Will anything need to change regarding the Texas properties I own that are in my Trust’s name?
• What happens to my revocable living trust if I move outside of the US?
• How often should I update my estate plan?
• Where should I store my original signed copy of my estate plan?
• Is it mandatory to record my revocable living trust in the county property records?

Real Property

• Do I need to notify my lender that I have transferred my home into my revocable living trust?
• Do I need to notify my insurer that I have transferred my home into my revocable living trust?
• I am currently renting my home. If I buy a home in the future, how can I ensure that it is funded into my Trust?
• If I have a property in another state (i.e. not Texas), how should I handle moving this property into my trust?

Financial Accounts

• Should I put my retirement accounts or life insurance policy in the name of my revocable living trust?
• Should I name my Trust as the beneficiary of my 401k and IRA if I am not married and have minor children?

Vehicles

• Should I transfer my vehicle into my revocable living trust?