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Topic History of: Trust funding
Max. showing the last posts - (Last post first)
Author Message
Jim C. What affect does the funding of a trust have on my day to day stuff? How does it effect things like my checking account, utility bills, etc.?
bigdaddy What does it mean exactly to fund a trust?
steve Ok...if you prepared the stock assignment properly and the stock transfer agent (probably the President, VP, Treasurer or Secretary) can just attach the assignment to the stock certificate. The assignment will just take the place of endorsing the back of teh certificate.

If you look at the back of a stock certificate, it has language regarding transfers and assignments. Once the assignment is made, the corporation's authorized representative should record the transfer on the transfer ledger and make a resolution or action to cancel the old stock certificate and issue a new stock certificate according to the assignment.

I few more steps and you should be done. Good luck.
Tomas P. I set up a living trust for a client a few years back. The client owned an interest in S-corp stock. I created a stock assignment to assign the stock to the client's trust. My question is: does the client's stock certificate also need to be endorsed, i.e. transfered to the trust for proper funding?
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