Ok you have set up your California revocable “living” or “loving” trust. It’s to make sure all your assets have been transferred to your trust properly. Last week we talked about your real estate including time shares. Now let’s talk about your bank and other financial accounts. Yes, you should transfer all your bank accounts to your trust. This should be very easy and in almost all cases not require new bank account numbers. Additionally, in almost all cases, you can keep using your same checks. It’s a minor change now but major when you are incapacitated or deceased. Thus it’s important!
The easiest thing to do is to go to your bank if you can. Take a copy of your trust along with a copy of your certified extract (or abstract) of trust. Some banks like copies of