Skip to content
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 planning instruments, such as wills and trusts. However, making gifts to heirs with special needs can be […]
Category Archives: Trust
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 and tedious probate process. But they are not bulletproof. There are formal legal requirements that must be […]
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 thinking about setting up a living trust, you probably already know that a living trust’s revocability gives it the kind of flexibility that makes it an ideal estate planning tool. Most people set up living trusts as part of their estate plans for two reasons: A living trust helps to protect your […]
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 […]
Like a will, a living trust is a legal framework in which your assets and property can be stored. In Missouri, trusts are typically established by a binding legal document executed by a Springfield trust lawyer and naming a trustee who is in charge of managing the trust and distributing its contents to the trust’s […]
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 […]
- 1
- 2