Category Archives: Trust

Fans of the popular television show Succession may be somewhat familiar with what happens when a person dies without a solid will, but the laws will be different from state to state. If you die without a will in Missouri, your assets will be transferred to your closest relatives because of the state’s intestate succession […]

If you’ve been looking into doing some estate planning for any particular length of time, you’ve likely discovered how useful trusts can be, especially revocable trusts.  You’ve probably also come across information about irrevocable trusts, with all of their inflexibility and restrictions, and it’s made you wonder why anyone would ever use an irrevocable trust […]

If you’re thinking about creating a plan for how your estate should be handled, then you’re probably wondering whether you should create a will or a trust as part of your estate plan. While there are some definite benefits to creating a trust over a will, the types of trusts available – namely, revocable versus […]

People decide to give to charities for a variety of reasons, whether it’s to honor a loved one or make good use of the wealth they acquired in their lifetime. Aside from the enormous benefits a charitable giving plan can have both on the people you’re serving and on you, a charitable giving plan also […]

There is no difference between a trust and a living trust. “Trust” is used as an umbrella term that encompasses trusts such as living trusts, special needs trusts, and joint trusts, to name only a few. Trusts are considered separate entities that manage a person’s assets. The person who manages the assets of a trust […]

Let a Springfield Irrevocable Trust Attorney Help You Plan Your Estate Establishing a trust is one of the most common and effective ways of protecting assets. And when even higher levels of asset protection are necessary, an irrevocable trust may be the best option. But an irrevocable trust needs to be considered carefully and drafted […]

Farmers who have more than one child have an estate planning dilemma. The most valuable property they have is almost always the land and the farm equipment. If all of the children are not interested in farming, it can be difficult to give them all an equitable inheritance. Farmers with multiple children have two seemingly […]

Many seniors in the U.S. fall victim to living trust scammers who scare and intimidate their victims into purchasing worthless, unnecessary trusts. Seniors need to know what to look out for to avoid being victims. Going through probate can be burdensome on an estate. The estate tax can devastate the wealth of estates. Both of […]