How Do I Put My Accounts Into My Trust?

When you’re setting up a revocable living Trust, transferring your bank accounts, credit union accounts, certificates of deposit (CDs), and mutual funds into the Trust is a key step. This process ensures that your assets are managed according to your wishes and simplifies estate administration.

Steps for Transferring Accounts into Your Trust

1. Notify Your Financial Institutions: Start by sending or delivering a letter to each institution where you hold accounts. Include your account numbers and instructions to transfer these accounts to you as the trustee of your Trust.
2. Provide Proof of Trust: Financial institutions often require confirmation that your Trust is valid. Work with an experienced estate planning lawyer to obtain an Affidavit and Certification of Trust —a document that proves the existence of your Trust without needing to provide the entire Trust agreement.
3. Leverage Existing Account Options: You might find that some of your financial accounts were already set up with options for Trust designation. Review any initial forms you completed to see if this applies to your accounts.

Transferring your assets into a Trust not only protects them but also simplifies the management and distribution of your estate. This process helps you maintain control and ensures that your financial legacy is handled according to your plans.

At The Mendez Law Firm, we specialize in Estate Planning and can guide you through creating a Family Estate Plan. Call us at (407) 380-7724 or Email Us TODAY at mail@themendezlawfirm.com. We’ll schedule your FREE, No Obligation, No Cost office conference or Virtual Zoom conference to discuss your Family Estate Plan and review other Probate avoidance and Asset Protection options that may benefit you and your family. If you are looking for a Florida estate planning attorney in the Greater Orlando Area, we are here to help with all your Estate Planning and Asset Protection needs.