If I want to fund my trust with my CDs, do I have to cash them in first or can I just change the title to put in a trust?
There should be no problem (in a perfect world) in transferring a CD into a trust. You are NOT breaking the CD, but rather you are transferring the ownership to the trust. Just change the title to the trust. However, some unknowing bank employees don’t really understand what we are doing (or what they are doing) and may tell you that you must cash them in and pay a penalty. Fight back…they are wrong.