Revocable Living Trusts in Missouri
A revocable living trust lets you stay in charge of your property while you’re alive and pass it to your loved ones privately, without probate court. Legal Hero designs trusts around your family, your assets and your goals.
How a Revocable Living Trust Works
You create the trust and transfer (“fund”) your assets into it. You usually serve as your own trustee, so you can buy, sell and use the property just as before. You can change or cancel the trust at any time. When you pass away or can no longer manage your affairs, the successor trustee you chose takes over and follows your instructions.
Benefits of a Living Trust
- Avoids probate for assets titled in the trust, saving time and court costs for your family.
- Privacy. A trust is not filed with the court, unlike a probated will.
- Incapacity planning. Your successor trustee can manage trust assets without a court-ordered conservatorship.
- Control over timing. You can stagger distributions to children or protect a beneficiary who isn’t ready to manage money.
Funding the Trust Matters
A trust only controls the assets titled in its name. We help retitle real estate, bank and investment accounts, and pair the trust with a pour-over will to catch anything left out.
Why Legal Hero
David Koonce is both an attorney and a CPA, so your trust is drafted with the tax and financial picture in mind.
Frequently Asked Questions
Does a revocable trust protect assets from creditors or nursing home costs?
Generally no. Because you keep control, the assets are still treated as yours. An irrevocable trust may be an option for asset protection.
Do I still need a will if I have a trust?
Yes. A pour-over will moves any assets left outside the trust into it and names guardians for minor children.
Can I be my own trustee?
Yes. Most people serve as trustee of their own revocable trust and name a successor to step in later.
Ready to start your trust? Call Legal Hero at 314-816-3081 or complete our estate planning intake form.
