Blog

Published on November 16, 2022

What happens if I don’t have a Successor Trustee?

If a Trust does not have any living Successor Trustees, very likely a professional fiduciary would be appointed by the court. However, having your Trust (and beneficiaries) deal with the cost and hassles of the court is not ideal. Here are some helpful considerations. When preparing a Trust, it is wise to have a sufficiently […]

Published on October 27, 2022

Wills vs. Trusts

Take a look at two crucial Estate Planning documents. Learn more about the differences between wills and trusts and which might be more appropriate for your goals.

Published on October 24, 2022

How does signing a deed work?

Choosing the correct form of a deed and correctly drafting it is of utmost importance when transferring real estate in Missouri.

Published on October 20, 2022

A Walkthrough of Estate Planning

What happens when you decide to get a Will, Trust, or other Estate Planning performed?

Published on October 12, 2022

What happens to a Joint Trust when one spouse dies?

For Joint Revocable Living Trusts formed by married couples, minimal changes occur (regarding the Trust) upon the death of the first spouse. However, the changes are significant upon the surviving spouse’s death. When a married couple creates a standard Revocable Living Trust (RLT), they typically act as the: 1. Joint Settlors (creators of the Trust). […]

Published on October 7, 2022

Property Subject to Probate in Missouri

Want to avoid probate? The answer should be yes! Here’s a summary of what property is subject to probate administration under Missouri law. In Missouri, property not subject to probate administration includes: 1. any personal or real property owned by a Trust; 2. property which the decedent owned as joint tenants with right of survivorship […]

Published on October 7, 2022

How do I move personal property into my Trust?

Personal Property and assets that do not have a formal title of ownership transfer to one’s Trust by signing an “Assignment of Personal Property” or a “Bill of Sale.” It is important to remember that a Revocable Living Trust (or any other Trust) can only manage, hold, or distribute assets over which it has ownership. […]

Published on September 28, 2022

Why should I move my house into a Trust?

If you have a Revocable Living Trust, transferring real estate you own into the Trust can have many advantages. When clients have a Revocable Living Trust (RLT), their home is one of the most critical assets to transfer. Here are some reasons you should consider moving your home or other property into a Trust: 1. […]

Published on September 19, 2022

The Most Common Reasons for Creating a Trust

Why would you want to consider forming a Trust? There are many excellent reasons to utilize a Revocable Living Trust as part of your estate plan. Here are the most common. A Trust is a highly effective estate planning tool. Wills, unfortunately, have more significant limitations. Nevertheless, the following are the most common reasons people […]