You’re not done when you’ve signed your trust document.
Once you’ve made a living trust, there’s one more crucial step: formally transferring assets to the trust. This is called “funding the trust”—and if you don’t do it, your trust will have no effect on how your property is transferred after your death. If your trust is not funded at death, then your assets will pass through Probate, which is very costly and time consuming.
It’s very common for people to skip the funding step altogether, or to leave out valuable assets. Many people assume, if they hired a lawyer to draft the trust document, that the lawyer will also take care of the funding. But that’s not always the case, so be sure to check with the lawyer and be clear about your responsibilities. Read More about Trust Funding at Nolo.com