Episode Summary: 

In this episode of *Inherited Solutions for a Diverse Community*, Richard Hall and David Pereira from Bottom Line Lawyers discuss the importance of properly funding a trust to protect your family's future. They highlight common misconceptions about trust funding and delve into specific assets like real estate, bank accounts, and beneficiary designations. The conversation emphasizes the need for thorough trust reviews and the implications of assets outside the trust.

Key Timestamps:

- 00:00 – Introduction

- 01:30 – Common misconceptions about trust funding

- 04:15 – Importance of transferring assets into the trust

- 06:45 – Transferring real estate into a trust correctly

- 09:20 – Handling title changes for bank and investment accounts

- 12:05 – Ensuring beneficiary designations align with the estate plan

- 15:40 – Implications of assets outside the trust during probate

- 18:10 – Commonly forgotten assets in trust funding

- 21:00 – Elements of a comprehensive estate plan

- 23:45 – Proper trust review process for clarity

About the Show: 

*Inherited Solutions for a Diverse Community* explores estate planning strategies and insights to secure your legacy and protect your loved ones. Join Richard Hall and his team at Bottom Line Lawyers as they provide expert guidance on ensuring your assets are safeguarded for the future.