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Setting up a bank trust account is easy. Funding the trust account can get considerably more difficult. Here are some of the ways that you can fund a bank trust account:
Living Trusts
Living trusts can be funded, while someone is alive and after they have passed away. To fund the account prior to death, you will need to transfer the title of your assets to the account's trustee, making them the owner of the assets you would like to put into the trust.
Funding Through Will
People often choose to fund their bank account trusts through their will. In order to achieve this, you can set up what is commonly known as a revocable trust. A revocable trust will transfer your assets to the trustee, upon your death. You can transfer some of your assets to the trustee before you die, but in general the property within the trust will not be transferred into the trust until you have passed away.
How to Fund Your Bank Trust Account
