Q: I already have a trust and I am going to open a new bank account. How can I make sure that the new bank account is part of my trust estate and that it does not end up in probate?

by | Feb 22, 2023 | Estate Planning, Q&A |

A: Any time you open a new bank account that you want to include in your trust, be sure to title the bank account in your name as trustee of your trust. This will ensure that the account is administered as part of your trust estate and that it is not subject to probate, regardless of the value of the account.