Missouri Living Trust Forms
Download a Missouri Living Trust form in order for a person, known as the grantor, to put funds into a separate entity for the benefit of his or her beneficiaries. A trust provides flexibility for a grantor in that he or she can can restrict how and when the assets are distributed. A trust can provide continuity of asset management as well, in that it is created during the grantor’s life and can continue after his or her death. A trust also provides privacy because it is a private document which is not filed with the probate court. The grantor appoints a trustee to manage the trust.
Revocable vs. Irrevocable: A revocable trust can be revoked or modified during the life of the grantor, while an irrevocable trust is not meant ot be modified or terminated without incurring certain tax or other penalties.