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.
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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.
A Walkthrough of Estate Planning
What happens when you decide to get a Will, Trust, or other Estate Planning performed?
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). […]
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 […]
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. […]
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. […]
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 […]
What is the best way to transfer real estate to a Trust?
The best method to move real estate into your Trust depends on various factors. Ultimately, you should consult an attorney. However, here are some general considerations. The best method for transferring real estate to a Trust is highly situational. Here are some examples: LLC-owned real estate: If you have a single member LLC (or you […]
