Why don most trusts actually accomplish the simple goal of avoiding probate?
Most trusts are not properly funded. This means that after they are set up, the client’s assets are not transferred into the trust, therefore the trust does not control the asset and the client’s family ends up going through Probate, the very thing that everyone was trying to avoid. This means that all the money that was spent on setting up the trust was wasted. An estate plan does not have to be expensive and will help avoid adding many uneccesary costs and complications later.
