For You and Your Revocable Living Trust

Transfer assets into the name of your revocable living trust, excluding real estate, which must be done by your attorney. Failure to transfer assets into your trust may reduce or eliminate the benefits of the trust.

Prepare an asset inventory or snap shot of your financial picture and, if needed, update the inventory annually. Although you may have several financial advisors, such as a stockbroker, financial planner and an insurance agent handling your investments, it may not be clear how all your assets and investments fit together. EAS can provide an easy to understand overview.
 

 
Assist with post-death duties such as obtaining appraisals, preparing an asset inventory, and determining the date-of-death valuations of assets. Apply for the Taxpayer Identification Number (TIN). Research the cost basis value of assets. This can be a traumatic time; having EAS help your heirs can alleviate some difficulties and expedite the settling of your estate.

Organize financial records and allocate receipts and disbursements between principal and income. Estate and trust accounting can be complex and you may not have the time, resources, or inclination to handle this.