A major part of establishing a Trust Based Estate Plan is the “funding” of the Trust.  Oversimplified, this involves the re-titling of assets such as bank accounts, real estate and brokerage accounts.  It also involves dealing with Life Insurance Beneficiaries.  While every situation is different, we often recommend naming the Trust as the beneficiary. Why?…

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Creating a Revocable, or Living Trust in Missouri is basically a two step process.  The first, and most easily understandable, is creating the Trust document itself.  This is done after discussing all options and carefully putting together the instrument, and then signing it. A second step that is nearly as important is the “funding” of…

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I got a couple of weeks ago from Barry.  Barry was very concerned that his mother’s trust will be challenged.  Mom’s second husband died several years back.   Mom and her second husband each had their own children from their first marriages.  At the time of the second husband’s death his children received what amounted to his assets and property.  Barry’s…

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We often talk about using provisions in Wills and Trusts to protect money and other assets that are left to children and other family members. Another function of proper planning is to create incentives for family members left behind. These can be as varied as your imagination allows. You may wish to reward a child…

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The general rule is that a Will or Trust is valid anywhere if it is valid “where executed, when executed”. That being said, however, if you are moving from Missouri to another state it is always a good idea to see a competent Estate Planning lawyer in your new state. This is particularly true if you are…

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If you are asking the question, the chances are that you should.  Living Trusts are, without question, the most powerful, flexible planning tool that we have.  There is no other tool that, if properly used, avoids probate, provides disability management, provides asset protection for children, enhances privacy, and are easy to modify as your situation changes. It…

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