Leslie Rubright Daff’s Answers

Leslie Rubright Daff

Irvine Estate Planning Attorney.

Contributor Level 7
  1. How are my assets "transferred" to my trust?

    Answered over 3 years ago.

    1. Leslie Rubright Daff
    2. Thomas Edward Rossmeissl
    2 lawyer answers

    It's very important to "fund" your living trust. An unfunded or partially funded living trust does not avoid probate. Essentially, you make ownership changes to change title on most of your assets from your name as an individual to your name as trustee of your living trust. For other assets, such as life insurance and retirement accounts, you will make beneficiary changes to properly distribute those assets upon your death (the beneficiary will not necessarily be your living trust, however -...

    7 lawyers agreed with this answer

    1 person marked this answer as helpful

  2. How do I transfer savings bonds into my Trust?

    Answered about 1 year ago.

    1. Leslie Rubright Daff
    2. Ronald A. Cabanayan
    3. Dagmar Pollex
    4. Gary Roger Waitzman
    4 lawyer answers

    You can change ownership of paper savings bonds from your name as an individual to your name as Trustee of your trust by going to treasurydirect.gov, filling out form PDF 1851, and mailing the form in with your bonds by registered mail. The instructions can be found on the page entitled "Reissuing Savings Bonds to a Trust."

    Selected as best answer

  3. My husband passes away, his mother is still living and has my husband as an heir in her trust Who inherits ? His children?

    Answered about 4 years ago.

    1. Leslie Rubright Daff
    2. Keith A Davidson
    3. Brad S Hindley
    4. Charles Adam Shultz
    4 lawyer answers

    Typically trusts are drafted to leave assets to descendants "by representation" or "per stirpes" or similar language, which means your deceased husband's share would go to his descendants. Somewhat unlikely, but possible, is that the trust is drafted to leave her estate to her "surviving children" or to each of them by name, with a lapsed share going to the survivors, in which case it would go to your deceased husband's brothers and not your deceased husband's children.