A major pitfall of opting for a bare bones living trust is that it fails to address the funding requirement, the most important step in creating an effective trust. If a living trust is not fully funded, it cannot achieve probate avoidance. In order to accomplish this, the intended trust assets must actually be transferred to the trust in one of three ways. Learn more about Arkansas bare bones living trusts in this presentation.
Attorney at Sexton, Bailey Attorneys, PA
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