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  Why a Trust Must Be Properly Funded to Actually Work Many people believe that once a trust is created, their estate plan is complete. In reality, creating a trust is only the first step. For a trust to work as...

In the estate planning realm, trusts are the utility players, suitable for accomplishing goals as diverse as protecting assets, managing incapacity, and avoiding probate. Among the many and varied types of trusts, two of the...

Do I Need a Will or a Trust in Missouri? Understanding the Difference One of the most common estate planning questions Missouri residents ask is whether a will or a trust is the right place to start. Many people assume they...

Trusts, particularly revocable trusts, are powerful and versatile estate planning tools, but merely creating a trust is only part of the process. Trusts must be funded if they are to accomplish their purposes. Generally,...

You might think trusts are irrelevant to your lifestyle. After all, trusts are really only for the uber-wealthy to leave funds for their children, right? Wrong! Contrary to popular belief, trusts are not only for the very...

One of the most important aspects of trust creation and administration is selecting a trustee. After all, depending on the type of trust and the terms of the trust instrument, trustees can exercise broad authority over the...

Trusts — both revocable trusts and irrevocable trusts — are powerful and versatile estate planning tools that can be used to accomplish a variety of goals. But each type of trust comes with its own set of pros and...

Trusts can be used to accomplish many estate planning goals. Some of the most common of those are avoidance of probate and tax planning. They can also be used effectively for asset protection. For example, let’s say that...

Making gifts to one’s heirs is typically fairly straightforward. The grantor decides which of his or her heirs to make provisions for, figures out how much they should receive, and names said heirs in his or her estate...

Trusts are among the most versatile and powerful estate planning instruments available. Not only do they allow an individual the ability to settle their estate, but they also do so without the need to go through the costly...