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How to Fund a Trust in Tennessee and Why It Matters

Episode Summary:

In this episode of Ties That Bind: Law, Family and Legacy, Tennessee attorney Patti Garner joins host Evan Mack to discuss the intricacies of funding a trust. Patti explains that funding a trust involves transferring property into the trust's name, which can prevent probate court chaos. She dispels the myth that trusts are only for the wealthy, highlighting their benefits for middle-income families. Patti outlines the types of assets that can be included in a trust and addresses common misconceptions, such as the tax implications of including retirement accounts. She…

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