The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. For example, if the deceased held a large amount of stocks or was the sole account holder on a bank account with a large sum of money. There are no guarantees that working with an adviser will yield positive returns. Probate court can also be required if an Estate exceeds a certain value or if there are a large amount of solely owned assets. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). No matter what your situation, your first step toward getting your estate plan started is to assemble key pieces of information about your personal circumstances, assets, and debts. All investing involves risk, including loss of principal. In this guide, we’ll give you a brief overview of the process. The process of funding a trust involves transferring assets to it. After you sign your Trust document, the next step is funding it. This is not an offer to buy or sell any security or interest. Creating your Trust is just the first part of the Estate Planning process. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. SmartAsset does not review the ongoing performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide advice regarding specific investments. The Estate Information Packet Checklist: Making Sure Your Affairs Are in Order provides a checklist of things to do to ensure your affairs are in order so. SmartAsset’s services are limited to referring users to third party registered investment advisers and/or investment adviser representatives (“RIA/IARs”) that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Securities and Exchange Commission as an investment adviser. SmartAsset Advisors, LLC ('SmartAsset'), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S.

Estate plan fuding checklist