The primary rule of trust planning is that trusts must own property to exist. While The Taormina Firm records a deed for each client's primary residence, when clients enter into our legal services agreement, they agree that they are responsible for funding their own trust. And while we provide each of our clients with the necessary tools to ensure that they fund their trusts properly, some clients fail to do so. That is why we established our Trust Funding Plan.
The Taormina Firm's Trust Funding Plan is an additional plan that trust clients can purchase at an hourly rate. For $250/hour, The Taormina Firm will help to fund each client's trust so that they do not have to. This includes contacting their bank and other financial institutions, working with life insurance companies, and ensuring that assets which should be held in or designated as beneficiary to their trust are properly funded and accounted for. While the total fees which The Taormina Firm may collect are dependent on each client's situation, we strive to be as cost-effective and efficient as possible so that clients are not surprised with a huge bill at the end of these services.
If you are interested in our Trust Funding Plan, please contact us by phone or email.