A trust is a legal entity that holds and manages assets for the financial benefit of a person or entity (like a charity). It’s a valuable estate planning tool, and if your opinion of a trust is that it’s just an allowance for the wealthy, you’re missing out on considerable asset protection. Our Saint Charles County, MO trust lawyer can create one or more trusts to help you accomplish your financial goals and take steps toward building generational wealth. Call Legacy Law Center today to learn more.
Trust Lawyer Saint Charles County, MO
Don’t make the mistake of thinking that a trust is something that only the wealthy need, or that it’s just an allowance for rich kids. It can do much more. What can a trust do for you? It can shield your assets from creditors or lawsuits, providing a layer of protection when your financial interests are at risk. Property held in a trust also avoids probate, allowing your chosen beneficiaries to receive it immediately after your passing, rather than waiting through the often-lengthy probate process. A trust also safeguards real estate, like your family home, permitting someone to live there without actually owning it, and then transferring the ownership of the house to your child or grandchild. Something like this is especially useful in second marriages. These are just a few ways a trust can play a crucial role in your estate planning.
Our Saint Charles County trust lawyer can explain the different types of trusts available in Missouri and how each can help you achieve your financial goals. For example, a trust can ensure a reliable income stream for someone with a disability, for yourself in retirement, or for a relative who may struggle to manage a large inheritance responsibly. Many people create educational trusts to fund a child’s college tuition or to preserve their inheritance until they reach a certain age. For a relative with a disability, a special needs trust can cover expenses not provided by Medicare or other government benefits.
We collaborate with you to create one or more trusts that meet your financial objectives and obligations. We can also serve as a trustee if you are unable to manage the trust yourself or lack someone you trust to carry out these fiduciary responsibilities.
Our Legal Experience Matters When Managing Your Trust
For a trust to be effective, it must be created following the guidelines of the Missouri Estates Code, a body of laws governing inheritances and estate planning. Our Saint Charles County trust lawyer has an in-depth knowledge of the relevant laws for trusts and keeps abreast of changes in the law that could affect your trust and estate plan. We’re here to help you protect everything you’ve worked hard to earn.
- Our firm has a 5-star Excellent ranking on Trust Index, thanks to over 200 positive reviews from satisfied clients like you
- Firm founder Charles Moore was named one of the “10 Best Estate Planning Attorneys in Missouri” in 2018, 2019, and 2020 by the American Institute of Legal Counsel
- Named Best of O’Fallon in the Legal Directorate
- The American Association of Attorney Advocates named our firm as Top-Ranking Estate Planning Lawyers
- Mr. Moore has received multiple high ratings and positive reviews on AVVO, as ranked by our peers
For more information about how different kinds of trusts can enhance your estate plan, call Legacy Law Center today.
