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Many people ask this question. In Missouri, the answer is nuanced. A trust can help avoid probate, but the trust document alone doesn’t automatically avoid it. Probate is an asset by asset issue. What matters is how each asset is titled and how it transfers at death. A trust can be an effective probate-avoidance tool, […]
How do you actually get assets into a trust?
To get assets into your trust, you need to either retitle the assets or use a non-probate transfer technique. For immediate transfer into your trust, you will need to retitle the asset in the name of the trustee, referencing also the trust name and creation date. This will look different based on the asset you’re […]
Can I modify or revoke my revocable living trust?
Whether you can modify or revoke your living trust depends on its specific language. Typically, if you created a revocable living trust and are mentally competent, you can modify or revoke it at any time. If you’re curious about your planning, check your trust document for specific provisions. On this matter, my clients’ trusts will […]