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out of state property when you have that in as part of your estate is a very straightforward way to fund into your trust. Real estate has to be retitled and put into your trust. So if it’s John and Mary trust, we have to go from John and Mary individually to the John and Mary trust. So there has to be a deed created. It has to be filed with the county that this property sits in because we are only registered to do real estate here in Illinois. Whenever we have a client that has a property, say in Florida and Michigan and
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Wisconsin, we always work with one of our colleagues as part of our group called the American Academy of Estate Planning Attorneys, and we find a colleague that we trust completely. They prepare the deed. We have the client sign here, and then they file the deed in that state. It’s a seamless process when it comes to funding in our office, but oftentimes clients just forget about it and just leave it alone. And what ends up happening is we have to open up probate in that state along with opening
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up probate here in Illinois. So, we definitely don’t want to forget about it. We want to do it um pretty shortly after you sign your trust.
