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How to transfer startup shares into your Trust

Since startup shares typically don’t allow you to designate a beneficiary, it’s very important that you transfer your shares into your trust. This ensures your shares are protected and will seamlessly transfer to whomever you choose if something happens to you.

In order to transfer your shares into your trust, you will need to contact your company stock plan administrator and request to move your shares into your trust. They will usually ask you for key details like name of Trust, date, and who your trustees are.

If you would like help with this process, our Dynasty Standard plan comes with a dedicated Account Manager who can take you step by step through this process.

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What is a Trust?

A Living Trust is a financial tool that lets you plan, organize, and protect your life. It’s a personal entity that allows you to add assets and plan out your inheritance. Eliminating legal battles, cost, and time spent by your loved ones. 

Think of it like a personal LLC that you put everything you own in. Except it doesn’t protect you from liability like an LLC does, it protects you from probate and conservatorship. 

Probate is the complicated court process (12-18 months) where a judge decides what happens to your assets after you die, become incapacitated, or are “deemed” incapable. Creating a living trust allows your assets to completely circumvent probate and immediately transfer to your loved ones. 

In addition to being able to name heirs (your beneficiaries), a Trust also allows you to assign someone to manage it (your successor trustee). Instead of going through probate, your Successor Trustee takes control of the Trust, handles your affairs, and distributes your assets according to your instructions. The person you select as Successor Trustee should be your most trusted person. Like a best friend or closest family member.

At Dynasty, we believe everyone should have a Living Trust. If you have children, assets, or plan to acquire assets in the future, you should create a Trust. That way when you buy your next home, open a bank or brokerage account, get startup shares, etc. – you can immediately title them in your trust.