Episode description
Listen in as Attorney Ted Gudorf guides you through the complexities of funding a trust, in the latest episode of the Repair the Roof Podcast. This episode is dedicated to discussing the vital importance of fully funding your estate plan. Ted highlights the top seven items to transfer into your trust, the paperwork involved, and the legal implications. He also covers the specifics of transferring real estate into trusts, the role of title insurance, and the need for a general warranty deed in Ohio.
He continues by explaining the medallion signature guarantee process required for transferring stocks, bonds, mutual funds, annuities, and other investments into your trust. He also discusses creating an investment LLC to protect your assets from creditors. Wrapping up the conversation, Ted emphasizes the urgency of starting your estate planning now and provides valuable insight to begin. So, listen in as our host demystifies the often overwhelming process of estate planning, providing practical advice and clear guidance every step of the way.
Key Topics:
- The One Item That Cannot Be Put Into Your Trust (1:19)
- Real Estate in Your Trust (1:53)
- Transferring Property into a Trust (7:08)
- Vehicles in Your Trust (10:48)
- Getting All Our Accounts Titled Into the Same Name as the Trust (18:24)
- Change Both the Owner and Beneficiary to Trust (22:30)
- Properly Forming an LLC Company (23:20)
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