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Signing Your Trust Documents Typically a will requires the signature of two witnesses, and a trust must be signed in the presence of a notary public.

How much does a Trust cost in Missouri? The cost of setting up a trust in Missouri varies depending on the complexity of the trust and the attorney's fees. A basic Revocable Living Trust generally ranges from $1,000 to $3,000. More complex trusts can cost several thousand dollars more.

A percentage-based fee is typically charged for larger, more complex trusts. The percentage usually ranges from 0.5% to 2% of the trust's assets per year. This fee structure encourages the careful management of the trust, as the trustee's compensation is tied to the performance of the trust.

Signing Your Trust Documents Typically a will requires the signature of two witnesses, and a trust must be signed in the presence of a notary public.

As a very general rule, the less assets you have and the less complex your estate plan is, the more likely it is that a simple last will and testament will be sufficient. Conversely, the more assets you have and the more complex your situation, the more likely it is that a revocable living trust will make sense.

There isn't a clear cut rule on how much money you need to set up a trust, but if you have $100,000 or more and own real estate, you might benefit from a trust.

Some estimates say the cost of setting up a trust in Missouri ranges from $600 to upwards of $3,000, depending on the complexity of the trust. Trust creators may be tempted to try the cheapest option using online software, but this does not provide the strategic and case-specific advice of an estate planning attorney.

If you don't have many assets, aren't married, and/or plan on leaving everything to your spouse, a will is perhaps all you need. On the other hand, a good rule of thumb is to consider a revocable living trust if your net worth is at least $100,000.

If you make yourself the trustee, you must also designate a successor trustee who will take control of the trust when you die. Create the trust document by using software or hiring an attorney. Sign trust agreement in front of a public notary. Fund the trust by retitling assets to the trust's name.