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- By the end of todays video, youll have a better idea on how to put your bank account into your revocable living trust. For the best estate planning, probate and trust administration videos, subscribe to our channel and hit the like button, the one like this, and the bell so youll get notified every time we post a new video. Today were going to talk about transferring bank accounts into your revocable living trust. In the past, Ive talked about what it means to fund a trust. Basically, it means changing the ownership of an asset from your personal name into the name of your revocable living trust. To really benefit from your revocable living trust-centered estate plan and for it to be effective, a trust must be properly funded. We have had to probate estates for people that had a revocable living trust, but forgot to put their bank accounts into their trust. Believe me, it happens! The penalty for that is the cost to the estate is thousands of dollars to probate that one account