What is an Assignment?

An assignment is a document transferring all assets to the trust, regardless of record title (with the exception of tax-deferred assets). In situations where the desire is for all assets to be considered trust assets, this comprehensive document is worth signing in case some asset is not funded to the trust. The signed assignment may assist transferring an asset if the you pass away and an asset is still titled in the your sole name. It should not be used in lieu of actually funding the trust by changing title on assets.

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