Tomren Wealth Management

True or false: Setting up a trust means your estate will avoid probate.

False. And it's one of the most common estate misunderstandings wealth strategists see. ⚖️
A trust does not protect or control anything just because the paperwork was signed. It must be properly funded, meaning assets need to be transferred into the trust.

That may include:
▪️ Updating real estate titles
▪️ Retitling bank and investment accounts
▪️ Reviewing beneficiary designations
▪️ Coordinating insurance policies

Without these steps, the trust may be an empty legal container. Your estate could still go through probate, and the protections you intended may not apply.

A trust can be a powerful planning tool, but only when it is set up and maintained properly.