qwerty3656
Full time employment: Posting here.
- Joined
- Nov 17, 2020
- Messages
- 763
Years ago, we "purchased" time with a lawyer at a charity auction to set up a Living Trust. We got the basic document, but never followed through with funding it.
We have since set up a simple Will and Living Will (heath care) and don't consider the Living Trust as active. We never formally did anything to "inactivate" the Living Trust. Do we need to do something? It's not filed anywhere is it? If it's not funded does it have any effect?
To be clear, we are not talking about a large estate where people are going to come out of the woodwork to contest it.
We have since set up a simple Will and Living Will (heath care) and don't consider the Living Trust as active. We never formally did anything to "inactivate" the Living Trust. Do we need to do something? It's not filed anywhere is it? If it's not funded does it have any effect?
To be clear, we are not talking about a large estate where people are going to come out of the woodwork to contest it.