Funding Revocable Living Trusts
Funding Revocable Living Trusts
Date
1992-03-27
Authors
Harl, Neil
Harl, Neil
Harl, Neil
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Altmetrics
Authors
Harl, Neil
Person
Research Projects
Organizational Units
Iowa State University Digital Repository
Organizational Unit
Journal Issue
Journal Issue
Series
Department
Iowa State University Digital Repository
Abstract
Without much doubt, the transfer of assets to the trust is the most critical part of the formation of a revocable living trust. Inasmuch as all of the grantor's property should be conveyed to the trust, the obvious question is whether the transfer triggers adverse consequences to the grantor. In general, conveyance of property to a revocable inter vivos trust can be accomplished without negative consequences but the property inventory should be subjected to an itemby- item review before the actual transfer occurs. Here are the major points to consider.