Attorneys

Missouri Estate Planning FAQs

• Q: What Are Some Of The Advantages Of A Revocable Living Trust?
  A: In addition to the savings in probate expenses, the avoidance of probate administration has other advantages. The administration of a revocable living trust at the … More
• Q: Is A General Durable Power Of Attorney Or A Living Will Still Needed?
  A: Although the function of a general durable power of attorney is beyond the scope of this FAQ, a grantor of a revocable living trust should also consider establishing a … More
• Q: What Are Some Other Considerations In The Use Of A Revocable Living Trust?
  A: Certain legal issues regarding the use of a revocable living trust have not been answered under Missouri law. For instance, it is not clear whether an individual can … More
• Q: Who Can Advise You About A Revocable Living Trust?
  A: You should never sign a revocable living trust document without the advice of a Missouri attorney who practices in this field of law. He or she will be able to advise … More
• Q: What Are Some Of The Disadvantages Of A Revocable Living Trust?
  A: While the advantages of a revocable living trust receive most of the public attention, the disadvantages should also be considered. Since a revocable living trust is a … More
• Q: Does The Revocable Living Trust Reduce Income Taxes Or Estate Taxes?
  A: During the grantor`s lifetime, the revocable living trust has no effect on the income tax which the grantor will owe. In fact, if the grantor is the trustee or a … More
• Q: Should I Use A Joint Account For Help In Writing Checks?
  A: No. Some people will place a child or someone else on a checking account as a joint tenant to help them write checks to assure that bills are paid in the event the … More
• Q: May Safe Deposit Boxes Be Jointly Held?
  A: Under Missouri statutes, safe deposit boxes may be jointly rented. This type of registration must be specifically noted in the rental agreement with the bank or safe … More
• Q: What Is A Guardian?
  A: A guardian is a person who has been appointed by a court (usually the probate division of the circuit court) to have the care and custody of a minor or of an adult … More
• Q: What Is A Conservator?
  A: A conservator is a person or a corporation, such as a bank or trust company, appointed by a court (again, usually the probate division of the circuit court) to manage … More
• Q: Who Can Be The Trustee?
  A: A grantor who desires to manage his or her own financial affairs and who is physically and mentally able can (and ordinarily should) serve as trustee. But provisions … More

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