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Another Reason to Fund Revocable Trusts

Maximize FDIC coverage.

Most estate planners agree that it would be ideal if clients fully funded their revocable trusts. In some states, such as California, revocable trusts are typically fully funded and, in other states, such as New York, they’re often not, perhaps because the benefits of doing so aren’t thought to outweigh the administrative burdens associated with retitling assets. The most commonly touted benefits used to encourage clients to fund their revocable trusts are that a funded revocable

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