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Titles and schedules: How to fund a living trust correctly

When Eric dies, his children learn that the most valuable parts of his estate, meaning a house, a brand new car and his bank account, will have to go through the lengthy and costly process of probate even though Eric had a living trust. Why the hold-up? Negligence. Eric created a trust but failed to fund it correctly. He simply hadn’t realized that he would have to retitle his property […]

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