Lee's Summit Missouri Notice to Beneficiaries of being Named in Will

State:
Missouri
City:
Lee's Summit
Control #:
MO-WIL-800
Format:
Word; 
Rich Text
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Description

This Notice to Beneficiaries form is for the executor/executrix or personal representative to provide notice to the beneficiaries named in the will of the deceased. A second notice is also provided for publication where the location of the beneficiaries is unknown.

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FAQ

What Assets Go Through Probate? Bank accounts in the decedent's name with no co-owner and no beneficiary designation. A home or land that is owned by the decedent individually. A home or land that is co-owned as tenants in common (not with right of survivorship) Stocks and bonds in the decedents name.

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. The assets you place in the trust, the names of your beneficiaries, and the terms of the distribution remain out of the public eye.

Does a Will Have to Be Probated in Missouri? Yes, a will must be probated in Missouri. It is filed with the county court where the person lived at the time of their death. The court must determine that the will is valid.

How to Get a Copy of a Trust Make a written demand for a copy of the Trust and its amendments, if any; Wait 60 days; and. If you do not receive a copy of the Trust within 60 days of making your written demand, file a petition with the probate court.

The most obvious things to do to avoid probate include: Work with a professional to create a living trust. Make your financial accounts ?payable on death? Make your securities ?transferable on death? Establish joint ownership of real estate and other property. Create transfer-on-death deeds for real estate.

You are required under Missouri law to send a copy of the trust to a beneficiary?and they can read it themselves and contact you with any questions.

If the Will is not filed with the Probate Court within the required one year period, the Will becomes invalid ? it is no longer any good. The Will essentially ?expires?.

Missouri requires that an estate be over $40,000 in order to go through a standard probate process. Otherwise, it will undergo a simplified probate process. Wills and testaments must be filed within one year of death with the Probate Division of the Circuit Court.

As a general rule, a beneficiary is entitled to a copy of the trust document, any deeds of variation of the trust, deeds of appointment and trust accounts. If further information is requested, it is at the discretion of the trustee as to whether it will be provided.

5. The trustee shall notify the qualified beneficiaries of the trust that the trustee has determined that this section applies to a trust not less than sixty days before distributing trust income or principal to any qualified remainder beneficiary.

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Lee's Summit Missouri Notice to Beneficiaries of being Named in Will