What is Funding?
In order for your Estate Plan to work as it has been designed, proper Funding of your assets must be completed, and kept up to date.
Funding consists of the following:
- ensuring that the beneficiary designations for your Death Benefit Assets, such as your life insurance policies, annuities, IRAs, 401(k) Plans, and other Retirement Plans, are correctly completed, signed, and processed, so that the disposition of these assets is coordinated with your overall Estate Plan, and
- ensuring that the title, or ownership, of All Other Assets you own is changed so that the disposition of these assets is also coordinated with your overall Estate Plan.
Since it is such a critical part of Estate Planning, we assist you in completing the necessary Funding.