BSPE Legal Marketing Podcast
BSPE Legal Marketing podcasts discuss legal issues. Entertainment only does not constitute legal advice.
BSPE Legal Marketing Podcast
Living Trust Funding Services in Syracuse - Davies Law Firm
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From Davies Law Firm - Living Trust Funding Services in Syracuse explains why creating a living trust is only the first step for families in Syracuse, Onondaga County, and Central New York. The discussion covers how funding a trust under New York law means transferring assets such as real estate, bank accounts, brokerage accounts, business interests, and personal property into the trust’s name so the plan can work as intended.
This episode explores key trust funding steps, including deed preparation, recording requirements with the Onondaga County Clerk, TP-584 and RP-5217 filings, and how New York EPTL 7-1.18 affects trust ownership. It also highlights practical issues involving mortgages, the Garn-St. Germain Depository Institutions Act, homeowner’s insurance, vacation homes, investment properties, and avoiding ancillary probate for out-of-state real estate.
Listeners will also learn how Davies Law Firm addresses financial accounts, IRAs, 401(k)s, life insurance, LLC membership interests, partnership interests, closely held corporations, S-Corporation rules, vehicles, boats, aircraft, jewelry, artwork, collectibles, household contents, and pour-over wills. Frederick P. Davies and William P. Davies guide families through common mistakes such as leaving a trust unfunded, overlooking beneficiary designations, mishandling deeds, or placing the wrong assets into the trust.
The episode also introduces Davies Law Firm’s Syracuse office at 210 E Fayette St and its service to Liverpool, Cicero, Manlius, Baldwinsville, Camillus, Skaneateles, DeWitt, Fayetteville, East Syracuse, Cortland, Oswego, and surrounding communities. For families looking to protect an estate plan, avoid New York Surrogate’s Court delays, and keep a living trust properly funded over time, this conversation outlines the steps needed to help a trust carry out its purpose.
Davies Law Firm
210 E Fayette St, Syracuse, NY 13202
(315) 472-6511