Revocable Living Trusts

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By the time you start thinking about creating a trust, you have spent your entire life building the assets that you will want to pass along someday. Of course, you want everything to be distributed according to your exact wishes, and you would like everything else to be handled as you see is most fitting and appropriate.

Chesterfield, MO Revocable Living Trusts Attorneys

While a will can accomplish some aspects of estate planning, a revocable living trust provides another way to manage your assets and your wishes before you pass on, not just after. With the help of a Missouri estate planning attorney, you can establish a trust to fit your specific needs and desires that will use Missouri estate laws to your advantage.

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There are different varieties of trusts, but the most common is a revocable living trust. This legal entity can usually be revoked or amended at any point in the trust creator’s life, and can provide a vehicle for safely managing your assets in your best interest until the time comes for them to be distributed.

Some facts to consider when thinking about creating a revocable living trust with an estate planning attorney:

  • Because revocable living trusts can hold legal title to your possessions and can be managed to a named trustee of your choosing, you can be sure that your assets will be used in your best interest in the event of poor health as you get older.
  • Revocable living trusts can reduce costs and headaches for your family in the long run by avoiding probate court.
  • Creating a revocable living trust requires much more preparation, and you will need a professional estate planning attorney’s help.
  • While you will still hold full title to your assets, legal title will be in the name of your trust. While this can be an advantage as you age or after you die, your assets will be taxed in the same way as before.
  • You can create a joint revocable living trust with your spouse, which can provide for equal management of both of your assets during your lives and stipulate how they are to be treated after one or both of you dies.

Depending on your assets, your wishes, and your unique situation, a revocable living trust or another kind of trust may be the best option for you and your family.

To find out, contact The Roberts Law Firm in Chesterfield, Missouri. Our estate planning attorneys are some of the most experienced and knowledgeable in the St. Louis area in matters of estate law. We can help you find a solution that will give you peace of mind knowing that your assets and your wishes will be carried out exactly the way you want as you get older.

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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.