It's important to ensure that your revocable trust is properly funded. This involves transferring assets such as real estate, bank accounts, and investments into the trust's name. Additionally, updating beneficiary designations on retirement accounts and life insurance policies is crucial to align with your trust. Reviewing and updating your estate plan regularly is also important to ensure it reflects your current wishes and circumstances.

Experts in estate planning explain why funding your trust is vital for seamless asset transfer, minimizing legal issues and taxes, and safeguarding your beneficiaries' future in this video.