Can a Trust Receive Assets Never Retitled Into It? | NC

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Q: Can a living trust receive money from bank accounts and other assets if those accounts were never retitled into the trust? A: Yes, but not automatically. A living trust does not pull in every asset just because it exists. The asset must have a legal path into the trust. That can happen if the asset was retitled to the trustee during life, if the trust was named as a beneficiary or…