Living Trust

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Dale E Heath | Forum Activity | Posted: Mon, Aug 21 2017 6:58 AM

I'm going to be setting up a Living Trust. Do I need to do anything special to rename my account because I'm placing it in a living trust? I've sent a request to CS. Anyone else done this?

Thanks, Dale Heath

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abondservant | Forum Activity | Replied: Wed, Aug 23 2017 8:12 AM

With my grandmother, when she put all of her things into a trust, any account owned by the trust she had to change the name from Frances Baker to Frances Baker TTE (if I remember right).

I doubt it HAS to be so for Logos sake. But probably for its value to be hidden within the trust from the gvmt and to prevent death taxes (the normal reasons for a trust no?) it should be. However your advisor has suggested you change the name of your bank accounts, so should your logos account be. To the best of my knowledge any way. Perhaps if nothing else someone whose had more experience will pipe up now that the thread has been bumped.

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