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314.283.8930; henry@elsterlaw.com

Transferring Assets to a Trust

Assets are typically only subject to the terms of a trust — and within the trustee’s control and authority — if they are owned by the trust. Assets need to be transferred to a trust in a legally precise way for the transfer to be effective. For instance, an actual deed conveying ownership must be executed in favor of the trust for real property to be owned by the trust.

Further, Section 456.1-113, RSMo provides that a “transfer of an asset to a trustee of a trust, to such trust itself, or to a share of such trust, in a manner that is reasonably calculated to identify such trust or that share of such trust, subjects that asset to the terms of such trust or that share.”

Contact regarding estates, trust and/or probate.