Trust Funding
The living trust is funded with its initial assets:
Original Trust Estate/Initial Funding
The Co-Trustors hereby transfer to the Trustee, without consideration from the Trustee, the sum of one hundred dollars ($100.00), receipt of which is hereby acknowledged, upon the conditions herein provided. Co-Trustors hereby transfer, assign, and convey all of our right, title, and interest in and to all of our property that is permitted by law to be held in trust, wherever situated, whether personal or real, tangible or intangible, separate or community, to our Trustee to hold and administer for our benefit and for the benefit of our beneficiaries pursuant to the terms of this trust.
Assets can be added at any time after the trust is signed, even after the passing of the trustors. Attorneys or whomever the source of your documents ARE NOT NEEDED to add assets.
Adding Assets
Additional property may be added to the trust estate at any time by the Co-Trustors or either of them, or by any person or persons, by inter vivos or testamentary transfer. Such additions and title to any property so added may be, but need not be, evidenced by amendment to this agreement or by schedule, deed, assignment, or other writings transferring property to the Trustee. All such original and additional property is referred to herein collectively as the trust estate and shall be held, managed and distributed as herein provided.
Assets are added in one of three ways: Re-titling assets into the trust name, via a pour-over will or with an assignment of personal property.
Personal property that does not have a title (furniture, jewelry, art, electronics - essentially something you might purchase at a department store) is transferred at the trust signing using an assignment covering current assets and future purchases.
Personal Property
We, JOHN A. GREEN and NANCY A. GREEN, (hereinafter referred to as "Assignors"), hereby convey, quit claim and assign for good and valuable consideration, all of our rights, title and interest in the property set forth below to the Trustee(s) of THE JN GREEN FAMILY LIVING TRUST, DATED JANUARY 2, 2009, (hereinafter referred to as "Assignee(s)"):
