Missouri Certificate of Trust for Testamentary Trust
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FAQ
A living trust in Missouri offers you and your family privacy since the trust never becomes public record and does not require any court proceeding.
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.
Whatever the reason, Missouri law provides several ways to terminate an irrevocable trust. The easiest method is if the trust has less than $250,000 in it. Alternatively, if all of the adult beneficiaries agree, Missouri law provides that a trust may be terminated if it is uneconomical.
A trust is an agreement that determines how a person's property is to be managed and distributed during his or her lifetime and also upon death.
The trustee of a trust having its principal place of administration in this state may register the trust in the probate division of the circuit court of the county wherein the principal place of administration is located.
A person who acts in reliance upon a certification of trust without knowledge that the representations contained therein are incorrect is not liable to any person for so acting and may assume without inquiry the existence of the facts contained in the certification.
The trustee is typically either: An officer of the lender who is a Missouri resident. A title company incorporated in Missouri. A Missouri corporation.