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Your living trust can only control the assets that it owns. Transferring ownership of your assets to your trust is done on an asset-by-asset basis. The process is not difficult but it does take time and requires close attention to detail. You change the official owner of your assets from your name as an individual, or married couple, to your name(s) as trustee(s) of your revocable trust. This is done directly with the financial institutions that hold your assets.
A purpose of the comprehensive transfer document is to document your intent that all assets you owned when you created your revocable trust were to be transferred to your trust. The comprehensive transfer document declares that you are transfering all assets to your living trust, including those that do not have a formal title. Things such as personal property, family heirlooms, collections, etc. are specifically referred to and covered by the comprehensive transfer form.
With every trust document we create a Pour-over Will. The primary purpose of the Pour-over Will is to transfer title to assets to the revocable trust upon death, if those assets were not transferred prior to death. Relying on the Pour-over Will to fund the trust requires probate, however.
There have been instances where the courts have permitted the use of a comprehensive transfer document in lieu of the Pour-over Will for the purpose of funding a trust. The comprehensive transfer document is a precautionary document that provides the basis to request the court waive probate, if assets were not properly funded during your lifetime.
You should not rely on the comprehensive transfer document to officially fund your trust. The only sure way to transfer title is asset-by-asset.